US Stock Market vs Bitcoin Market
Tonight the US stock market opens. Since reaching a new high of $43,323 on October 18, the US stock market has seen a two-week correction, dropping as low as $41,700, breaking below the support range of $42,000. Fortunately, at last Friday's close, it recovered above $42,000. After Bitcoin touched its historical high of $73,660 again on October 29, it also experienced a correction this week, facing significant selling pressure. Regardless of the non-farm payroll data at the beginning of the month and the news of the elections, both are set to unfold this week, with a preemptive stretch touching previous highs. Ahead of the announcement of election results, there has been a wave of correction and consolidation. The market manipulators are really playing it well, leading to a situation of mutual destruction for both bulls and bears. Next, the US stock market is expected to rebound this week, while the cryptocurrency market may lag behind, similar to the follow-up drop on the weekend of the 2nd and 3rd. However, if there is a sharp decline or a spike on this Monday, it could be your opportunity to get in. Prioritize BTC, SOL, and BNB; as for Ethereum, I have lost confidence in it. Let's see if Thailand will have something, and whether Vitalik can introduce some new ideas to restore confidence in the institutional capital market.