#大盘走势
The last analysis mentioned that Bitcoin may show a new high after stabilizing at 66571. Although it fell a little short, it generally aligns with the expectation of a pullback near previous highs. Subsequently, Bitcoin began to decline sharply due to the impact of election data, rebounding slightly after hitting the 67500 trend line support, and is currently fluctuating above the trend line. From the daily trend perspective, there has been no indication of a stop in the decline, and it is expected that after a slight fluctuation here, it will continue to fall until it reaches the 65000~66000 range, at which point a significant rebound may occur. This could be a good short-term sniper position, allowing for participation in the swing, with resistance around 69600.
As for Ethereum, it appears relatively weak, and it is expected to approach around 2200 before any significant opportunities arise, so altcoins should be cautious of the continuing downward risk. On a larger scale, the weekly chart shows a long upper shadow, forming a double top with the previous high, indicating a poor pattern, and the level of adjustment may increase. This week, with interest rate cuts and the election conclusion, is destined to be a week of intense volatility. When key support has not been reached, do not rush to catch the bottom, especially with altcoins. Careful operation is essential.
Regarding specific coins, new public chains should be noted, as each market cycle produces a few new public chains with significant gains. Besides SOL in this round, there are two others with promising characteristics: SUI and SEI, especially SUI, which obviously has significant capital support—one of the standard choices for bottom-fishing. MKR is also highly recommended, as it is one of the rare projects in the crypto space actively repurchasing its tokens, demonstrating real value creation. It has been declining, with its cost-effectiveness continuously improving, making it a long-term quality coin that can be held with confidence. Other meme sectors and AI are also worth paying attention to, as the Ethereum Developer Conference approaches, and the Ethereum ecosystem is expected to take action. There are also risks to avoid, as the election is about to conclude; the election sector represented by People should be avoided, as favorable news has been exhausted, likely leading to deeper declines! As the market reaches today, the difficulty of operations continues to increase, focusing on swings, while faith should be set aside for now. After the election concludes, if a black swan event occurs, the biggest bottom-fishing opportunity will appear, and it is not yet time to be aggressive; currently, caution is key!
