Brother Niu summarized the recent market situation and various news to consider how to layout the next steps and avoid the peak.
On November 6, Trump was elected, and on that day the market peaked at around 76,400. This surge was driven by the favorable news of Trump's election.
Then, from November 7 to November 9, did you notice the insufficient upward momentum? The positive data expectations had already been exhausted, so during these three days, the peak only reached around 77,150.
On November 10, the reason for the market surge that day now seems to have been foreshadowed, as Tether issued 200 million USDT, and the subsequent issuance of another 200 million USDT led to an increase of about eight points, reaching around 83,000.
The surge on November 12, which is today, was due to Tether issuing another 200 million USDT ten hours ago, bringing a large amount of capital into the market. Additionally, at 5:20 AM, Trump announced even more space for cryptocurrency and a more relaxed policy, leading to a surge to 89,530.
Why does Brother Niu want to review the surge for you? Only by understanding the general operation behind the surge and keeping up with the times can one avoid being crushed by the wheels of history. Coupled with a discussion with a senior big shot, this article presents the next outlook:
Look at the altcoins. Brother Niu still has losses from March, and many altcoins have not returned to March's prices. Bitcoin will not suddenly reach 120,000; there is still a gap around 78,000 that hasn't been filled (as shown in the image below). This gap is expected to be filled around November 23, and those who are still on the sidelines can consider getting in around this time.
As for the current operation, after today, a short-term rebound to around 82 can be a buying opportunity. Brother Niu's view is that tonight Bitcoin will follow the US stock market and surge again, expected to reach the position of 89,900-90,500. Brother Niu is hesitant to set a target of 9.4; the bull market is undeniable, all the favorable data has been consumed, and unless there are unexpected developments, this round of increases is expected to peak at the positions above, followed by a period of turbulence and decline.
Of course, what Brother Niu provides is just personal opinion. If you agree, please follow; if you don't, that's okay, after all, 'different opinions for different people.'
