Today is November 5, BTC price 68716
1. Fundamentals: BTC is still in high-level adjustment and has not deteriorated.
2. Altcoins have entered an oversold state, and opportunities should be viewed this week, ETH has already stabilized at the bottom, and further significant declines are difficult.
3. Looking at most cryptocurrencies, the announcement of the results will form an important low point, with BTC short-term resistance at 70010 ~ 70420, and BTC short-term support at 68170 ~ 67350
Amid rising prices, there will be excitement, and in falling markets, there will be panic. Maintain a light spot position to continue bottom fishing, hold appropriate positions, wait for stabilization to increase holdings, and keep contracts at a high cost-performance ratio for buying low. If this week can stop falling, it will rebound upwards;
The bull market is starting, the halving trend is showing, and global consensus is deepening.
BTC will inevitably reach $100,000 to $200,000 next year!
One very clear point: whether Trump or Harris wins, the fundamentals for Bitcoin will not change!
Bitcoin has a strong rebound history after elections, regardless of which party wins. Cryptocurrency chart expert Ali pointed this out and emphasized that even if Joe Biden won in 2020, the market still rose.
This trend supports the widely held view in the cryptocurrency field that while elections may affect BTC's short-term reactions, they rarely impact its long-term growth.
Only one day left until the U.S. decides the next president, and BTC's price is slightly below $69,000, nearly exceeding the historical peak of $73,737 about a week ago.
So far, by 2024, BTC has risen more than 60%, outperforming traditional assets like gold and stocks at the time.
Besides BTC and some leading high market cap assets, there are several big ideas to choose from:
The market cap must be small, preferably below $100 million (even below $10 million, ideally with no major institutional investment in early stages), a small market cap has the significant advantage that a good news can easily lead to a tenfold increase;
The official continues to do things, state media continues to update, code continues to optimize, etc. (providing the possibility of ecological explosion); it's best to have a concept, who knows when the wind might blow; it’s best to still be in the primary market and not yet listed on major exchanges;
Do not over-invest, do not over-invest, do not over-invest;
It’s not easy to get rich in the industry anymore, but opportunities are still much larger than in other markets. For large funds holding onto Bitcoin, other funds should disperse to find opportunities, and the rest is just waiting; learning to wait puts you ahead of over 95% of people.
Positioning these 3 altcoins expected to profit 10 times!
1. $BORA
- BORA announced that BORA 3.0 will be released on June 11
Market cap: $92.697 million
24-hour trading volume: $5.6913 million
2. $MNT
- Bybit has opened registration and identity verification for users from China
Market cap: $18 million
24-hour trading volume: $315,000
3. $Taiko
- Upbit announced the listing of Taiko. The trading start date has yet to be determined
Market cap: $10.2 million
24-hour trading volume: $11.4057 million
More practical strategies, specially prepared for spot enthusiasts and bull market holders! Click on my avatar to follow and get my bull market strategy deployment, shared for free with all fans. You need references, I need fans, to be the most generous bull market blogger on the internet!
#BTC市占率新高
