November 7, Thursday, believe brothers, today should be happier than yesterday!

✅️ Yesterday's market review

The market was exactly as expected, all three predictions came true

First, Trump was elected

Second, after the election, Bitcoin (BTC) broke new highs and continued to rise

Third, BTC took a break while Ethereum started to rally

In the absence of surprises, this round of altcoin market is about to rise

With the final results of the US presidential election settled, the market quickly reacted, with Bitcoin reaching a high of $76,400 yesterday, completely activating market sentiment!

✅️ Today's market analysis

Yesterday, Bitcoin ignited the market, but to be honest, retail investors are happier today. Yesterday, altcoins did not rise much, but today, with Ethereum's rally, the secondary spot market finally welcomed a rebound!

Currently, the overall market is in a retracement phase, and a pullback after rising is necessary. Bitcoin is quoted around $74,600, and the second coin is quoted around $2,820. For the upcoming market, I still have a positive outlook. After waiting so long, it has finally come. The market has never lacked funds; only when sentiment improves will funds flood in.

Intra-day market, Bitcoin continues to see volatile adjustments, while Ethereum may slowly start to move independently. If Ethereum can stand out, altcoins will have a chance, after all, Ethereum has fallen too much!

Intra-day resistance and support

BTC resistance 75,000/76,400-77,000

Support 74,000/73,200/72,000

ETH resistance 2,880/2,950/3,000

Support 2,800/2,720/2,650

Trend is bullish, think long on the lows

✅️ Spot market

I know many people's spot investments are stuck, this wave is an opportunity. If this wave doesn't rise, the chance to break even will be really difficult!

Here in the spot market, while we are disgusted with second-layer coins, Ethereum leads the way, still driving the second-layer sector, even though many have dropped significantly. Representative coins: Arb, OP, zk, Metis, STRK, etc.

The Meme sector remains the explosive hotspot of these two rounds of the market

Representative coins: Pepe, NEIRO, Bome, Turbo, etc.

The previously mentioned Doge has also reached the target position of $0.20, and my coin-based investments have also moved, time to change!

Current strategy for the spot market is to hold and wait for the rise

As of now, my held coins are

ETH, Ena, Ordi, OP, LDO, WLD, ETHFI, Saga, Ray, People

Today's spot recommendation:

People around 0.065