Brother Kai will analyze the market for everyone. It is unquestionable that the bull market is coming. But I personally feel that it will be in November. At present, there are several aspects.

1 The contract holdings are very large, and there are quite a lot of longs chasing longs. It has reached the new high in March this year. Usually when there are so many holdings, there will be an extreme adjustment.

2 The number of spot buyers has continued to decrease, but the main force of Binance Futures has begun to blast the shorts in an extreme way. I personally feel that this wave of market is a bit similar to the Trump market in July. Everyone is blindly chasing longs and ended up being trapped and blown up.

3 The funding rate continues to rise. Now the funding rate has reached the high position in March this year, and the financing rate is also increasing. Greedy bulls are borrowing coins to go long.

So I slowly bottomed out on the left side and went short.

Brother Kai always speaks with data when he is bullish or bearish #美国大选如何影响加密产业？ #美国大选如何影响加密产业？ #BTC能否站穩6W5？