Bitcoin rises to 70k amidst silence. Over the past two months, not buying Bitcoin and Solana in the secondary market has been difficult for making profits due to wide fluctuations. What’s the plan going forward?
Streamlined version: Hold what you have, if Bitcoin makes a sharp rise to a new high, you can take profit in batches; for those who want to buy, buy a little on small dips and buy more on larger dips, if it continues to hover, buy a position that feels like it won’t miss out on a new high; buying under emotional pressure has a high randomness and can easily lead to losses.
Subjectively, the probability of Bitcoin breaking through and rising significantly is low; it's more about resolving trapped positions or creating small new highs to eat liquidity + induce buying. On November 6 (Beijing time), the election results will be announced. Currently, Trump has a slight lead in polls, and Poly has a significant lead. Bitcoin's movements are reflecting Trump's potential victory in advance. If an unexpected event occurs, such as Harris winning, it would be a black swan for the market.
The Democratic Party has technical means to influence the expected vote results, and there may be demands to recount and check mail-in ballots in swing states, which could delay the expected results on November 6 by several days to a week. During this time, news such as a reversal by Haha Sister could impact the situation. Under the full expectation of Trump's election, all of the above scenarios could lead to market turbulence, so I recommend a half-position approach.
Prospects for Bitcoin's movement: The difference between the first two and the third is the retracement amplitude. If news impacts Bitcoin to drop by more than 10%, definitely DCA; the risk-reward ratio is high.
In the secondary market, the best options for bottom fishing large coins are Bitcoin and Solana (if Ethereum is the strongest, buy ENA, Pendle, TIA for potential overtaking).
Altcoin DeFi: UNI, Banana.
Newly listed on Binance contracts: Meme Goat, Hippo, Neiro (lowercase), Cat Mew, 1000CAT, Popcat.
As Dogecoin continues to strengthen, keep an eye on Baby Doge, AI-related Tiao, etc.
When Bitcoin weakens, look for the strongest alternatives to buy first; during deep declines, also buy strong VC coins instead of weak ones, and similar low points like the previous Saga could emerge with several times the gains.
If Bitcoin strengthens directly without retracing, look for the buying points with the smallest increase among the top 10 in terms of trading volume to catch up on the rise, analyze the situation later, don’t get caught up in FOMO, when the market starts moving, there are plenty of opportunities, and timing is crucial.
During the major election period, there will definitely be opportunities, everyone should pay more attention to Xue Liang's account.
The A-share market continues to look at oscillating upward. Currently, it is best to choose stocks from the North Exchange (A-share pumps). If it falls, you can buy North Exchange 50C (elasticity > Kexin 50); this round of North Exchange is equivalent to the 2013-2015 GEM (three times speed version). In the short-term cycle, do not buy into the front row if the volume shrinks; wait for significant divergences to open new opportunities.
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