In the investment market, especially for highly volatile assets like Bitcoin, price fluctuations do bring considerable psychological pressure to investors. The $68,000 price point you mentioned is indeed a very sensitive area for many investors. At such price levels, market sentiment tends to be very nervous because everyone is trying to predict the next price movement.
The "pin" phenomenon you mentioned refers to the rapid rise or fall of prices in a short period of time, and then quickly returns to the original price level. This phenomenon is common in highly volatile markets and often brings great psychological pressure to investors.
Regarding the relative weakness of Ethereum and other altcoins, this may be related to the overall sentiment of the market, the flow of funds, or the fundamentals of specific projects. In some cases, the market may be more inclined to invest in assets that are considered more stable or have more favorable factors.
As for the Fed's interest rate cuts and the US election, these macroeconomic events do have an impact on the market. Investors usually take a cautious attitude before these events because they may bring market uncertainty.
Your point is that despite the uncertainty in the market, the market trend is upward in the long run. This is an optimistic point of view, but it is also the belief held by many investors in the face of market volatility. Indeed, it is very important to stay calm and not make impulsive decisions when the market fluctuates. At the same time, protecting your principal and avoiding making wrong decisions due to panic is also the key to successful investment.
Finally, you remind investors to be patient and not lose confidence due to short-term market fluctuations. This is very good advice because investment often requires a long-term perspective and patience.
Remember that investment always comes with risks, and everyone's risk tolerance and investment strategy are different. Before making any investment decision, it is best to consult a professional financial advisor and make sure you fully understand the nature and potential risks of the assets you invest in.