The cryptocurrency market has plummeted. Is it time to buy at the bottom? Wall Street has unexpectedly released some great news.

1000 times faster! Vitalik Buterin released the latest Ethereum expansion plan, and the fate of ETH may be rewritten from now on.

Historical data shows that Bitcoin will surge by 20% in October. What about November? Will it also surge in November? Let's follow Shuqin to find out.

First of all, let’s talk about the future trend of Bitcoin. As we all know, Bitcoin skyrocketed in October. We made a very accurate analysis in advance. So what will happen in November? Please see the picture.

The average increase of Bitcoin in November was as high as 46.8%, and the median increase was 9%. According to the conservative median, if Bitcoin rises by 9% now, it will reach 76,000, which will break through the previous historical high and start a bigger rise.

But do you think that's all? Let's look at more specific details. Bitcoin soared by more than 400% in November 2013, and this minority phenomenon must be ruled out. And this year, our production has been reduced by half a year, so it will be more appropriate to compare the November data of the previous rounds of reduction by half a year.

As you can see, Bitcoin rose by 43% in 20 years, 5.5% in 2016, and thousands of times in 2012, which is very scary. So no matter which data you look at, there is a very strong consensus on the rise in November.

Let's talk about the current October market. It is already more than halfway through and the increase has reached 7.7%. But you have to know that the average increase in October is as high as 21%, so Bitcoin actually has a lot of room to grow in the next one or two weeks.

In addition, the relationship between quantity and price is also very important.

We have analyzed this in the channel before. This wave of Bitcoin's rise is a shrinking increase, which is very healthy. It shows that there is a strong consensus on the market's rise and there is not too strong selling pressure. This is the same as the rising trend that started in September last year.

Large volume often means reversal, such as the large volume declines in August last year and this August, which are very classic bottom reversals. In March this year, Bitcoin also released a large amount, which means the end of the bull market.

So you have to remember that volume is the beginning and the end. If you release a large amount now, I will be very worried. Currently, the support of Bitcoin is around 66,600 and 65,600. There are many large investors placing orders. I will lead the orders here.

In addition to the K-line, there was also some incredible news on the news front.

Just last weekend, according to documents from the U.S. Securities and Exchange Commission, the SEC approved the spot Bitcoin options applications from the New York Stock Exchange and the Chicago Board Options Exchange. This means that 11 Bitcoin ETF institutions traded on the New York Stock Exchange can now provide spot options services, which is really amazing.

Because the approval of options means that Wall Street can increase leverage, using a small number of call options to gain a larger future spot Bitcoin position. Well, once this leverage comes, won’t he have new incremental funds? So it is no exaggeration to say that new tens of billions of funds are quietly entering the market.

In addition, Ethereum has also reached a turning point. Vitalik Buterin’s latest article describes the next development of Ethereum, aiming at 100,000 TPS.

He proposed three expansion directions for the Ethereum mainnet. The first is to increase the upper limit of Gas so that it can process larger blocks more efficiently.

The second expansion direction is to reduce the Gas cost of specific transactions and use multi-dimensional Gas pricing to use Gas more flexibly.

Then the third one is the native Rollup of the Ethereum main chain, which enables it to process transactions in batches quickly like Layer 2.

Oh my god, this is too good. Once this set of updates is completed, Ethereum will surely be reborn. It will become Ethereum Bull. Coupled with the upcoming developer conference and Prague upgrade, Shuqin believes that it will surely take off in the next few months.

Benqin started calling for ETH at over 2,200 in September. This week, ETH has reached a high of 2,760. I still hold it and remain bullish in the long term.

In addition, its ecological currency ENS has also performed well recently. We asked everyone to make a layout last Friday, and two days later it soared to nearly 20u, a full 15% increase.

Here we have to praise Doge, which is really respectful and rebounded near the support level of 0.137. The price of this coin has increased by 40% in two weeks, from 0.1 on the 9th to 0.147 now.

Those who haven't bought in yet can buy in at 0.14. As long as it doesn't fall below the support platform of 0.135, the upward trend will continue. If it falls below, then we will stop loss on the contract. Anyway, we have gained so much from 0.1 to now, so a small loss is harmless.

So if you are interested in real-time operations, you can come and have a look. Benqin updates the operation points of each currency every day.

OK, let's continue. I just mentioned ENS. There is actually another reason for its recent surge, which is that Vitalik Buterin has recently started to interact with ENS.

In fact, Vitalik has been giving advice to ENS a few years ago. He even emphasized at the beginning of this year that all L2s should use CCIP so that they can be combined with ENS domain names. In the end, he also emphasized that ENS is very important.

As soon as he finished speaking, ENS jumped 50% that day, and then tripled in a week. It can be said that ENS is one of the few projects recognized by Vitalik Buterin, and many newbies don’t know about it.

So that's why Shuqin asked everyone to plan for him and make extra money from recognition.

Then OM is likely to be launched on the mainnet in October, so I think we can ambush it. At the same time, Sol broke through the previous high this week and began to rise. I think we can place an order if it falls back to above 160.

Now that the election has reached its climax, and thanks to Musk's promotion, Trump's approval rating has risen a lot.

Therefore, Doge, which is closely related to Musk, will be quite popular before the election. Of course, if you are brave enough, you can take a chance that Trump will win the election, then Doge and even the entire cryptocurrency circle will really soar.

Although the election results are still in doubt, the positive news of a rate cut on November 8 is certain. There is an 88% probability of a 25 basis point rate cut and the Federal Reserve will continue to cut interest rates in subsequent interest rate meetings.

So there is no need to be too anxious. Even if Trump does not come to power, the cryptocurrency market will start a slow bull market due to the global money printing. And if Trump comes to power, the market will be very bullish. It will first reach 90,000 in November, then break 100,000 by the end of the year, and then rise to 180,000 due to the global money printing.

As for you and me, this will change our destiny and start a new chapter in our lives.