US Stock Market vs Bitcoin Market
Tonight the US stock market opens. Since reaching a new high of 43,323 USD on October 18, the US stock market has started a two-week correction, dropping to a low of 41,700 USD, breaking below the support level of the 42,000 USD range. Fortunately, it closed above 42,000 USD last Friday. After Bitcoin touched its historical high of 73,660 USD again on October 29, it has also been dragged down this week by a correction, with significant selling pressure above. Regardless of the non-farm payroll data at the beginning of the month and the election news, both are about to surface this week. The early stretch touched the previous high, and just before the election results are announced, a correction and washout wave occurred. The market manipulators are really playing well, creating another round of mutual destruction of bulls and bears. This week, there will definitely be a rebound in the US stock market, so the cryptocurrency market may lag behind, even like the corrective drop this Saturday and Sunday on the 2nd. However, if a sharp drop or spike occurs this Monday, it will be your opportunity to enter this round, with priority given to BTC, SOL, and BNB. As for Ethereum, I have lost confidence in it. Let's see what new tricks Vitalik can come up with to restore confidence in the institutional capital market.