### The election is approaching, will Bitcoin rise?

As the U.S. election draws near, investors are increasingly attentive to market trends, especially for highly volatile assets like Bitcoin. Recently, Bitcoin's trend seems to indicate some positive signals. For instance, Bitcoin filled the gap of the CME (Chicago Mercantile Exchange) over the weekend, although there is still a gap of over $100 that hasn't been filled, the overall indication shows that the willingness to decline is not strong.

Historically, there was a merchant named Lü Buwei who gained immense benefits by supporting the future monarch of the Qin state. This story tells us that sometimes investing in seemingly high-risk projects can yield unexpected returns. However, this does not mean we should blindly invest large sums of money into assets like Bitcoin that have extreme price volatility.

From a technical analysis perspective, Bitcoin's 12-hour K-line chart shows that it is currently in an oversold state, which suggests that the number of buyers in the market may gradually increase, pushing the price up. Additionally, the well-known asset management company BlackRock has increased its holdings by nearly 30,000 Bitcoins in the past week, indicating that institutional investors are intensifying their investment in this cryptocurrency. These factors combined suggest that Bitcoin's price may rise.

However, the market is always filled with uncertainty. Especially in November, Bitcoin market volatility is expected to intensify. For ordinary investors, it is important to have a long-term holding mentality rather than trying to profit through short-term trading. Historical data shows that at the end of 2017 and the end of 2020, many cryptocurrencies performed exceptionally well in the market. As a new cycle begins, similar opportunities may arise again.

In summary, although there is a possibility of Bitcoin rising in the short term, investment should be cautious, maintain rational judgment, and avoid blindly chasing highs and selling lows. Remember, investing in cryptocurrencies requires adequate risk preparation.