Bitcoin hasn't really pulled back in the past few days, but there are still many people claiming a big drop. Although many altcoins have been pulling back these days, they all rose before the pullback, and now they are just completing the pullback from the previous rise.
Overall, the weak coins have not broken the low point of August 5, while the strong coins are continuously raising their bottoms, which is a sign of bullish strength.Whether it is Bitcoin or Ethereum, the overall trend is a bull market, and Bitcoin is in a consolidating phase of the bull market.
Ethereum is currently in a pullback during the bull market, and the decline has stopped. The major pullback has ended, so what is there to worry about a big drop?
Currently, the struggle between Trump and Harris has entered a heated stage, and many people are starting to worry. But what is there to worry about? No matter who is elected, it will only affect the short-term market trends, not the overall trend. This is also the reason I mentioned yesterday to observe the short-term recently.
Why does it only influence short-term trends but not the overall trend? Just look at the chart. Bitcoin is encountering resistance from previous highs, starting to oscillate and accumulate strength, but the overall weekly chart belongs to a new round of upward trends, and there are currently no signs of a big drop.
Looking at the inflow of ETF funds, the massive influx of capital is not something ordinary retail investors can achieve; only institutions have such strength.
The market trend over the past six months resembles the main force building positions, but retail investors feel it is a rebound followed by a drop, leading to fear among retail investors who dare not compete for chips with the main force. This is also the desired effect of the main force.
The main force spent 7 months building positions, and now the position building is nearing completion. Once the position is fully established, there will inevitably be a rally; it is just waiting for an opportunity to rise.
After the election, the next event will be the interest rate meeting; this is the opportunity. No matter who is elected, the trend will not change significantly; no one can alter the trend.
These are not hearsay or speculation; they are derived from analyzing market movements after learning the potential dragon tactics. The market movement is always the most real and can be reflected in advance.
When the main force starts to rally and the market begins to rise, all doubts will be dispelled, but by that time, it will have already risen, and those wanting to enter the market will only be able to buy at a high price.
Panic stems from the unknown. When you can understand the essence of market movements, you will naturally not panic.
The analysis above only represents personal opinions and does not constitute any investment advice.#美国大选后涨或跌？ #11月市场预测
