US election + BTC storm: Can retail investors get away from this capital feast?
1. Weekly level analysis: BTC continues to rise, but risks are hidden
This week, BTC seems to have entered the final sprint stage. From the weekly level, last week, a large positive line broke through the important pressure level strongly, showing the strong power of the bulls. However, although the bullish pattern and trend have long been established, the road to highs will never be smooth sailing. The lower support is at 68212, while the upper pressure is as high as 72016.
2. Daily level interpretation: MACD high divergence, multi-party power weakened
At the daily level, the MACD indicator has entered the high area. Judging from the momentum and speed of the increase in volume, the divergence state may have quietly formed. This means that despite the high market expectations, the dealer may be sideways at a high level and gradually distribute chips. MACD momentum shows that the multi-party power is gradually weakening, which is quite similar to the high point pattern near 66000 in the previous wave.
3. Sentiment indicator warning: Old leeks beware, new leeks revel
The sentiment index has been maintained at around 70, which shows that the savvy old leeks have long seen the coming of risks and have not blindly chased high prices. However, to break this cautious state, the market needs to continue to rise and drive the surge of other altcoins. In this way, those old leeks who have been beaten by the market may relax their vigilance and rejoin the ranks of the carnival. But the more crazy, the more terrifying the risk.
4. Impact of the US election: Capital game intensifies, hunting time is approaching
Recently, the US election has entered a white-hot stage. Not only are retail investors betting, but capital interest groups are also competing secretly. A large amount of BTC has poured into financial institutions such as BlackRock and Grayscale, and US stocks have also risen steadily. Trump's friend Musk even randomly rewarded voters who support Trump with $1 million. The teams of these big guys are all based on considerations of interests. For financial dealers, this market atmosphere is exactly what they like. Emotions are high, currency prices are rising, and leeks are pouring in. But this also means that the hunting time may be approaching quietly.
If you like spot trading, want to roll funds together, and stock up on bull market spot trading
Click on the avatar, follow me, share for free, and wait for you in the circle!
In the current ups and downs of the market, blindly working alone will never bring opportunities!！！
