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November 28 Analysis of the Subsequent Market
1. On November 27, Bitcoin saw a spike to $90,000 at 4 AM, rebounding to $92,000 in the morning. The SSV recommended a few days ago has already achieved a 50% profit, and Zen has also reached a 50% profit. I suggest that if your position is too large, you can take profits or withdraw your principal for reinvestment.
2. The Bitcoin pullback serves two purposes: first, to explode contracts up and down, as exchanges primarily make money from contracts and fees. Even in a bull market, this is why I do not recommend trading contracts. Second, it waits for mainstream coins to rally. We can take profits to buy FIDA and Inscription Audi, so even if the subsequent market pulls back, we won't lose much. Friends holding SSV can wait a bit; if selling, it’s advisable to wait for SSV to test the resistance around $40.
3. Why do I recommend Inscription leader Audi and FIDA in the future?
The Audi market belongs to meme coins; although it’s late, it will come eventually. We need to layout in advance to take profits, and as our positions grow, FIDA will also experience a rebound. Just be patient and hold on.
Investing carries risks; please be cautious when entering the market.
1. On November 27, Bitcoin saw a spike to $90,000 at 4 AM, rebounding to $92,000 in the morning. The SSV recommended a few days ago has already achieved a 50% profit, and Zen has also reached a 50% profit. I suggest that if your position is too large, you can take profits or withdraw your principal for reinvestment.
2. The Bitcoin pullback serves two purposes: first, to explode contracts up and down, as exchanges primarily make money from contracts and fees. Even in a bull market, this is why I do not recommend trading contracts. Second, it waits for mainstream coins to rally. We can take profits to buy FIDA and Inscription Audi, so even if the subsequent market pulls back, we won't lose much. Friends holding SSV can wait a bit; if selling, it’s advisable to wait for SSV to test the resistance around $40.
3. Why do I recommend Inscription leader Audi and FIDA in the future?
The Audi market belongs to meme coins; although it’s late, it will come eventually. We need to layout in advance to take profits, and as our positions grow, FIDA will also experience a rebound. Just be patient and hold on.
Investing carries risks; please be cautious when entering the market.
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In this bull market, what are we arranging? (Five) — at least multiplied by X times, appreciate it while you can.
The three varieties I previously arranged were mentioned in the group, and congratulations to the families who ambushed last month. XLM has quintupled, DOT has doubled, and XRP has tripled. I only mentioned three stocks, and all are successful. You can check the previous in-depth analysis [Tangren In-Depth Analysis] on what we arranged in this bull market? (Four) — at least multiplied by X times, appreciate it while you can.
In addition to the previously favored SSV, there is also ZEN. When I notified everyone in the group, I suggested they ambush it, and within three days, it started to trend as we expected. Congratulations again to the families who ambushed SSV and ZEN. ZEN can still be ambushed gradually; I will write about it in my next piece, so everyone should not rush.
In addition to the previously favored SSV, there is also ZEN. When I notified everyone in the group, I suggested they ambush it, and within three days, it started to trend as we expected. Congratulations again to the families who ambushed SSV and ZEN. ZEN can still be ambushed gradually; I will write about it in my next piece, so everyone should not rush.
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[In-depth Analysis] What to Layout in This Bull Market? -- At Least X Times Increase.
Recommended coin for November 25: ordi.
Without using professional terms, let’s explain the Bitcoin ecosystem in plain language: the first token is Ordi.
1. Ordi has an inherent advantage in narrative capability, and the funds from BTC will spill over to the first token, Ordi. When buying coins, we must understand the underlying logic and support.
The zoo is akin to the celebrity effect.
The inscription track is where the funds flowing from Bitcoin into the big cake must be inscriptions.
2. Although the inscription track will not have the same grandeur as last year, one can observe that Bitcoin first reached over $90,000, and then various mainstream coins began to break new highs. This is a clear indication of sector rotation.
Without using professional terms, let’s explain the Bitcoin ecosystem in plain language: the first token is Ordi.
1. Ordi has an inherent advantage in narrative capability, and the funds from BTC will spill over to the first token, Ordi. When buying coins, we must understand the underlying logic and support.
The zoo is akin to the celebrity effect.
The inscription track is where the funds flowing from Bitcoin into the big cake must be inscriptions.
2. Although the inscription track will not have the same grandeur as last year, one can observe that Bitcoin first reached over $90,000, and then various mainstream coins began to break new highs. This is a clear indication of sector rotation.
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Recommended cryptocurrency: ordi
Let me explain the Bitcoin ecosystem in simple terms: the first token is ordi
1. Ordi has an inherent advantage in its narrative ability, and the funds from BTC will spill over to the first token Ordi. When buying coins, it is essential to understand the logic and support behind them.
The zoo is akin to the celebrity effect.
And the inscription track is where the funds from Bitcoin must flow into, being the inscription.
2. Although the inscription track will not see the same splendor as last year, one can observe that Bitcoin first reached over $90,000, followed by various mainstream coins breaking new highs. This is a clear rotation of sectors.
But when the inscription track will rally will certainly be within the next month, around Christmas, after mainstream coins' funds peak and trap a batch of people, then it will enter the inscription track.
Currently, inscriptions have seen historical growth since being listed on Binance in November 2023, followed by a year of consolidation. The $96 ordi has trapped many people, and a year's worth of washing has removed a large portion of the weak holders.
The K-line will hit a bottom of $20 in August 2024 and then rebound to $40, with a support level at $30 and a resistance level at $42.
3. Referencing the support level of $30 and the resistance level of $42, this range can be used to accumulate in batches.
Focus on the support level and the movements of Bitcoin and mainstream coins, accumulate in batches, and patiently wait for the opportunity for rotation in the inscription sector.
Let me explain the Bitcoin ecosystem in simple terms: the first token is ordi
1. Ordi has an inherent advantage in its narrative ability, and the funds from BTC will spill over to the first token Ordi. When buying coins, it is essential to understand the logic and support behind them.
The zoo is akin to the celebrity effect.
And the inscription track is where the funds from Bitcoin must flow into, being the inscription.
2. Although the inscription track will not see the same splendor as last year, one can observe that Bitcoin first reached over $90,000, followed by various mainstream coins breaking new highs. This is a clear rotation of sectors.
But when the inscription track will rally will certainly be within the next month, around Christmas, after mainstream coins' funds peak and trap a batch of people, then it will enter the inscription track.
Currently, inscriptions have seen historical growth since being listed on Binance in November 2023, followed by a year of consolidation. The $96 ordi has trapped many people, and a year's worth of washing has removed a large portion of the weak holders.
The K-line will hit a bottom of $20 in August 2024 and then rebound to $40, with a support level at $30 and a resistance level at $42.
3. Referencing the support level of $30 and the resistance level of $42, this range can be used to accumulate in batches.
Focus on the support level and the movements of Bitcoin and mainstream coins, accumulate in batches, and patiently wait for the opportunity for rotation in the inscription sector.
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Recommended Cryptocurrency: ssv,
1. What is SSV?
SSV promotes the decentralization, security, and activity of the Ethereum consensus layer and forms the foundation of SSV.network—a fully decentralized and robust ETH staking network. For anyone looking to run an Ethereum validator, using the network will be open and simple; from DIY users to staking pools and large institutional staking services. This applies to both users and service providers using the network; regardless of the Staking configuration, as long as responsibilities are fulfilled correctly, anyone is eligible to provide services and earn rewards.
2. Why recommend ssv? To understand a cryptocurrency, one must first understand the capital and the project behind it. According to my understanding, it is backed by Jewish investors. Firstly, the market makers will definitely want to profit from retail investors, but how can retail investors escape the market makers' grasp? My personal understanding of the ssv cryptocurrency is as follows: ssv has performed poorly, while other established cryptocurrencies have doubled, such as Stellar, DOT, Ripple, etc. Currently, ssv has touched a low of around $15 twice, and the support level is very clear. Looking at the daily chart, the two previous peaks were at $26; currently, ssv's price is fluctuating around $20. In my view, if Ethereum performs well from late November to December, ssv will break through the first resistance level of $26, the second resistance level around $50, and the third resistance level around the previous peak of $66. In conclusion, at the current price of around $20, it can be a good entry point. If it cannot break through the first resistance level, the worst-case scenario would be reaching around $40, which would mean a double return. Referring to the candlestick patterns of Stellar and DOT, ssv has some similarities.
1. What is SSV?
SSV promotes the decentralization, security, and activity of the Ethereum consensus layer and forms the foundation of SSV.network—a fully decentralized and robust ETH staking network. For anyone looking to run an Ethereum validator, using the network will be open and simple; from DIY users to staking pools and large institutional staking services. This applies to both users and service providers using the network; regardless of the Staking configuration, as long as responsibilities are fulfilled correctly, anyone is eligible to provide services and earn rewards.
2. Why recommend ssv? To understand a cryptocurrency, one must first understand the capital and the project behind it. According to my understanding, it is backed by Jewish investors. Firstly, the market makers will definitely want to profit from retail investors, but how can retail investors escape the market makers' grasp? My personal understanding of the ssv cryptocurrency is as follows: ssv has performed poorly, while other established cryptocurrencies have doubled, such as Stellar, DOT, Ripple, etc. Currently, ssv has touched a low of around $15 twice, and the support level is very clear. Looking at the daily chart, the two previous peaks were at $26; currently, ssv's price is fluctuating around $20. In my view, if Ethereum performs well from late November to December, ssv will break through the first resistance level of $26, the second resistance level around $50, and the third resistance level around the previous peak of $66. In conclusion, at the current price of around $20, it can be a good entry point. If it cannot break through the first resistance level, the worst-case scenario would be reaching around $40, which would mean a double return. Referring to the candlestick patterns of Stellar and DOT, ssv has some similarities.
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Shen Yu: How to Hold Good Assets Long-Term? How to Re-Invest Heavily After Selling?
The dimension of good assets is based on current cognition to make long-term judgments. If their development curve and future growth trend and key inflection points are already met at present, then they will be placed in the basket of good assets for comparison with other assets.
The core question is how to hold good assets long-term after discovering them?
Hold on; the key point to emphasize here is not from the rational level, but more from the psychological level. Therefore, we need to establish some methods and rules while we are still rational to ensure that we can maintain relative rationality when we are in a FOMO state.
How to build this architecture?
The core question is how to hold good assets long-term after discovering them?
Hold on; the key point to emphasize here is not from the rational level, but more from the psychological level. Therefore, we need to establish some methods and rules while we are still rational to ensure that we can maintain relative rationality when we are in a FOMO state.
How to build this architecture?
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Michael Saylor was not initially a staunch supporter of Bitcoin, but after spending 1000 hours researching, he decided to go all in.
After 1 hour of research, he became a skeptic.
After 10 hours of research, he became a trader, buying low and selling high.
After 100 hours of research, he became an investor, akin to the financial version of Facebook.
After 1000 hours of research, he became a believer, seeing Bitcoin as a tool that grants economic rights to every person on Earth.
Michael also shared his definition of a good investment:
1. Everyone needs it.
2. No one can stop it.
3. Others disagree with your opinion.
Amazon in 2010 fit this definition, but by 2020 it no longer did (because everyone knows Amazon is a money-making machine).
Bitcoin in 2020 still fits this definition, so Michael Saylor pulled the trigger at that time: In August 2020, MicroStrategy announced the purchase of 21,454 Bitcoins for approximately $250 million, with an average purchase price of about $11,653.
In another share, Michael bought stocks of Apple, Facebook, Amazon, and Google for $50 million in 2010, which turned into $500 million after 10 years.
But what he regrets is that this was a personal investment, and his company MicroStrategy was not involved. If such an opportunity arose again, he would purchase as an individual and as a company, and continuously promote it on Twitter, thus leading to the current $MSTR story.
After 1 hour of research, he became a skeptic.
After 10 hours of research, he became a trader, buying low and selling high.
After 100 hours of research, he became an investor, akin to the financial version of Facebook.
After 1000 hours of research, he became a believer, seeing Bitcoin as a tool that grants economic rights to every person on Earth.
Michael also shared his definition of a good investment:
1. Everyone needs it.
2. No one can stop it.
3. Others disagree with your opinion.
Amazon in 2010 fit this definition, but by 2020 it no longer did (because everyone knows Amazon is a money-making machine).
Bitcoin in 2020 still fits this definition, so Michael Saylor pulled the trigger at that time: In August 2020, MicroStrategy announced the purchase of 21,454 Bitcoins for approximately $250 million, with an average purchase price of about $11,653.
In another share, Michael bought stocks of Apple, Facebook, Amazon, and Google for $50 million in 2010, which turned into $500 million after 10 years.
But what he regrets is that this was a personal investment, and his company MicroStrategy was not involved. If such an opportunity arose again, he would purchase as an individual and as a company, and continuously promote it on Twitter, thus leading to the current $MSTR story.
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Bitcoin is approaching the $100,000 mark. An inventory of the institutional forces behind more than 2.7 million Bitcoin holdings
Bitcoin has broken through the $97,000 mark today, setting a new record. As the price of Bitcoin continues to soar, calls for including Bitcoin in national reserve assets are growing louder around the world, and at the same time, many institutions are also accelerating their pace of increasing their holdings of Bitcoin.
According to the latest data from BitcoinTreasuries.com, PANews has reviewed the Bitcoin holdings of major institutions. As of November 21, 93 entities (ETFs, countries, listed companies and private companies, etc.) around the world publicly hold more than 2.728 million Bitcoins, accounting for nearly 13% of the total supply of Bitcoin. This trend further shows that institutional investors have gradually replaced retail investors as the dominant force in this bull market.
According to the latest data from BitcoinTreasuries.com, PANews has reviewed the Bitcoin holdings of major institutions. As of November 21, 93 entities (ETFs, countries, listed companies and private companies, etc.) around the world publicly hold more than 2.728 million Bitcoins, accounting for nearly 13% of the total supply of Bitcoin. This trend further shows that institutional investors have gradually replaced retail investors as the dominant force in this bull market.
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Scientific research track Meme
Recently, the scientific meme track in the field of digital currency has been extremely hot, with many projects emerging like bamboo shoots after a spring rain, and the heat is rising. The driving force behind this is not only the market's pursuit of novel stories, but also reflects the high liquidity of the cryptocurrency market and the preference for high risks in a bull market environment.
1. Why is the science meme track so popular?
Combining the innovation track with emotional value Meme coins were originally just a way for the cryptocurrency community to express emotions, but the emergence of scientific memes has brought a new narrative to this field - combining it with real-world scientific research. Take $RIF as an example. The life science research results behind it make the market believe that this is not just hype, but a new attempt to combine emotions with actual results. **Leadership effect and industry recognition**
1. Why is the science meme track so popular?
Combining the innovation track with emotional value Meme coins were originally just a way for the cryptocurrency community to express emotions, but the emergence of scientific memes has brought a new narrative to this field - combining it with real-world scientific research. Take $RIF as an example. The life science research results behind it make the market believe that this is not just hype, but a new attempt to combine emotions with actual results. **Leadership effect and industry recognition**
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Bitcoin Correction and the Major Shift in Federal Reserve Policy: How Should Investors Respond?
This week, Bitcoin experienced a significant surge, with prices approaching the key level of $93,000, just a step away from the important psychological level of $100,000. However, as prices reached their highs, profit-taking began to occur in the market, leading to a correction in Bitcoin prices. Currently, the market is in a phase of correction and volatility, with trends being very tight, making it easy to rise but difficult to fall. If we hold on, the next wave of gains will surely be fierce.
1. Factors for market correction
The biggest reason for the market correction must be the natural demand for trend development. The bull market pattern in the cryptocurrency sector usually requires the market to digest previous rapid appreciation and investor profit-taking needs through corrections after experiencing a round of significant increases. This correction helps to release short-term pressure in the market, building strength for subsequent gains. Therefore, corrections are a normal phenomenon.
1. Factors for market correction
The biggest reason for the market correction must be the natural demand for trend development. The bull market pattern in the cryptocurrency sector usually requires the market to digest previous rapid appreciation and investor profit-taking needs through corrections after experiencing a round of significant increases. This correction helps to release short-term pressure in the market, building strength for subsequent gains. Therefore, corrections are a normal phenomenon.
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[Web3.0 Investment Guide] Analysis of 16 currencies worth paying attention to
As the cryptocurrency market recovers, investors are looking for coins with strong upside potential. This article carefully selects the 16 most worthwhile coins to buy in November 2024.
1. Ethereum (ETH): As the second largest cryptocurrency, Ethereum is not only the leader in decentralized finance (DeFi), but also supports thousands of crypto projects. Its successful transition to the Proof of Stake (PoS) consensus mechanism has laid a solid foundation for future scalability improvements.
Investment highlights:
Looking ahead to Ethereum's investment potential in the next five years, if you start with $1,000 and add $100 per month, its growth prospects are promising. For more details, please stay tuned. Based on Ethereum's outstanding performance in the past five years, we estimate its compound annual growth rate to reach 86.1%. As the cornerstone of thousands of crypto projects, the Ethereum blockchain supports popular DEXs such as Uniswap and dYdX to a wealth of liquidity staking services and digital assets such as NFTs. It can be said that without Ethereum, the current situation of the crypto world will be completely different. Investing in Ethereum is actually a firm belief in the long-term development of the crypto industry. It is worth noting that although Ethereum's increase in 2023 (85%) is slightly lower than that of Bitcoin, Solana, Cardano, Avalanche, etc. (the increase is over 150%), this just highlights that Ethereum, as the world's top altcoin, still has huge value-added potential in 2024. What's more exciting is that after the successful launch of the Bitcoin spot ETF, Ethereum is expected to become the next cryptocurrency spot ETF to debut in the US market. This expectation may attract an influx of institutional funds, further pushing up the value of Ethereum.
1. Ethereum (ETH): As the second largest cryptocurrency, Ethereum is not only the leader in decentralized finance (DeFi), but also supports thousands of crypto projects. Its successful transition to the Proof of Stake (PoS) consensus mechanism has laid a solid foundation for future scalability improvements.
Investment highlights:
Looking ahead to Ethereum's investment potential in the next five years, if you start with $1,000 and add $100 per month, its growth prospects are promising. For more details, please stay tuned. Based on Ethereum's outstanding performance in the past five years, we estimate its compound annual growth rate to reach 86.1%. As the cornerstone of thousands of crypto projects, the Ethereum blockchain supports popular DEXs such as Uniswap and dYdX to a wealth of liquidity staking services and digital assets such as NFTs. It can be said that without Ethereum, the current situation of the crypto world will be completely different. Investing in Ethereum is actually a firm belief in the long-term development of the crypto industry. It is worth noting that although Ethereum's increase in 2023 (85%) is slightly lower than that of Bitcoin, Solana, Cardano, Avalanche, etc. (the increase is over 150%), this just highlights that Ethereum, as the world's top altcoin, still has huge value-added potential in 2024. What's more exciting is that after the successful launch of the Bitcoin spot ETF, Ethereum is expected to become the next cryptocurrency spot ETF to debut in the US market. This expectation may attract an influx of institutional funds, further pushing up the value of Ethereum.
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Perpetual Contract Operation Secrets: Gameplay, Operational Principles, and Comprehensive Analysis of Risks and Returns
I. What are perpetual contracts?
Perpetual contracts, also known as perpetual futures contracts, are a type of derivative trading that allows users to earn high returns through long, short, or arbitrage positions. Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date and can be held indefinitely, offering high trading flexibility. Users can open and close positions at any time based on price fluctuations without needing to deliver physical assets or cash on specific dates.
II. Main characteristics of perpetual contracts
1. No expiration date: Perpetual contracts have no fixed expiration date and can be held indefinitely, making them very suitable for long-term holding.
Perpetual contracts, also known as perpetual futures contracts, are a type of derivative trading that allows users to earn high returns through long, short, or arbitrage positions. Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date and can be held indefinitely, offering high trading flexibility. Users can open and close positions at any time based on price fluctuations without needing to deliver physical assets or cash on specific dates.
II. Main characteristics of perpetual contracts
1. No expiration date: Perpetual contracts have no fixed expiration date and can be held indefinitely, making them very suitable for long-term holding.
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Musk wins! The man closest to God in the world
As Trump once again ran for the White House, the noise of many days finally began to quiet down. Bitcoin broke through the historical high position to around 75,500 points within a day, and a big positive line released the backlog of nearly five months. At this point, we can't help but ask whether Trump's election has pushed Bitcoin to a new high?
But that’s not entirely true. Trump’s election is just a catalyst for Bitcoin’s new high. As I analyzed before, even if Trump loses the election, after a short period of adjustment, Bitcoin will eventually reach a new high, and the bull market in the crypto market will continue. The so-called trend can only be affected by the external environment, and its essence cannot be changed.
But that’s not entirely true. Trump’s election is just a catalyst for Bitcoin’s new high. As I analyzed before, even if Trump loses the election, after a short period of adjustment, Bitcoin will eventually reach a new high, and the bull market in the crypto market will continue. The so-called trend can only be affected by the external environment, and its essence cannot be changed.
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Perpetual Contract Operation Secrets: Gameplay, Operating Principles, and Comprehensive Analysis of Risks and Rewards
In the cryptocurrency market, perpetual contracts have become the choice of many investors due to their unique trading characteristics and high leverage potential. This article will provide you with a comprehensive guide to perpetual contracts, including their definitions, features, operational gameplay, operating principles, and risk management, helping you navigate the market with ease.
1. What is a Perpetual Contract?
Perpetual contracts, also known as perpetual futures contracts, are a form of derivative trading commonly found in the cryptocurrency market. Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date, allowing you to hold positions indefinitely by only paying the corresponding funding rates. Perpetual contracts typically use leverage, allowing traders to gain larger market exposure by only paying a portion of the margin.
1. What is a Perpetual Contract?
Perpetual contracts, also known as perpetual futures contracts, are a form of derivative trading commonly found in the cryptocurrency market. Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date, allowing you to hold positions indefinitely by only paying the corresponding funding rates. Perpetual contracts typically use leverage, allowing traders to gain larger market exposure by only paying a portion of the margin.
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How to build your own trading system?
Trading fundamentally revolves around those four major elements: technical analysis tools, trading strategies, capital management, and trading discipline.
1. Technical analysis tools: These tools include various chart patterns and technical indicators used to identify market trends and potential buy/sell signals. For example, moving averages can help identify trend directions, while the Relative Strength Index (RSI) is used to measure asset overbought or oversold conditions.
2. Trading strategy: Specific rules used to determine when to enter and exit the market. This can be based on technical analysis, fundamental analysis, or a combination of both. The trading method should include clear criteria for entering and exiting the market.
1. Technical analysis tools: These tools include various chart patterns and technical indicators used to identify market trends and potential buy/sell signals. For example, moving averages can help identify trend directions, while the Relative Strength Index (RSI) is used to measure asset overbought or oversold conditions.
2. Trading strategy: Specific rules used to determine when to enter and exit the market. This can be based on technical analysis, fundamental analysis, or a combination of both. The trading method should include clear criteria for entering and exiting the market.
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Today's market bulls are likely confused by the data showing a net inflow of 896 million from the fourth largest Bitcoin spot ETF in history. Over the past 24 hours, more than 150 million USD in leverage positions were liquidated in the contract market, with bulls accounting for over 90%. The panic sentiment around Bitcoin at high levels has intensified in the short term.
The trend logic for Bitcoin was quite clear yesterday; the short-term four-hour support is near the 70,000 point. The sudden surge in long contract volume is the main reason for this round of leverage acceleration within the day. Additionally, the adjustment and pullback in the US stock market in the evening brought about a ripple effect.
The number of initial jobless claims in the US for the week and the core PCE data for September both showed some degree of negative impact, which indirectly indicates that the employment situation in America is stable and the economy is recovering. On the other hand, it also suggests recurring inflation. This creates greater uncertainty regarding the Federal Reserve's upcoming economic policy, leading to capital fleeing from the US stock market to avoid risks.
As a result, the spot price of gold has reached historical highs, and the market's greed for gold was particularly evident today. The presence of certain attributes in an asset is not just about talk; whenever social instability arises, it can spur a significant rise in gold. Bitcoin's safe-haven attribute is still in development; its current market value is less than 7% of gold's market value. The path ahead is challenging but full of hope for future development.
Today also marks Bitcoin's 16th birthday! Sixteen years is a dramatic transformation for Bitcoin, from non-existence to existence, from niche to mainstream. In 2008, Satoshi Nakamoto's white paper introduced a revolutionary concept, and now Bitcoin is thriving towards its goal of becoming 'digital gold.' Fortunately, we have always been on the path of development in the trend of the Web3 era.
The trend logic for Bitcoin was quite clear yesterday; the short-term four-hour support is near the 70,000 point. The sudden surge in long contract volume is the main reason for this round of leverage acceleration within the day. Additionally, the adjustment and pullback in the US stock market in the evening brought about a ripple effect.
The number of initial jobless claims in the US for the week and the core PCE data for September both showed some degree of negative impact, which indirectly indicates that the employment situation in America is stable and the economy is recovering. On the other hand, it also suggests recurring inflation. This creates greater uncertainty regarding the Federal Reserve's upcoming economic policy, leading to capital fleeing from the US stock market to avoid risks.
As a result, the spot price of gold has reached historical highs, and the market's greed for gold was particularly evident today. The presence of certain attributes in an asset is not just about talk; whenever social instability arises, it can spur a significant rise in gold. Bitcoin's safe-haven attribute is still in development; its current market value is less than 7% of gold's market value. The path ahead is challenging but full of hope for future development.
Today also marks Bitcoin's 16th birthday! Sixteen years is a dramatic transformation for Bitcoin, from non-existence to existence, from niche to mainstream. In 2008, Satoshi Nakamoto's white paper introduced a revolutionary concept, and now Bitcoin is thriving towards its goal of becoming 'digital gold.' Fortunately, we have always been on the path of development in the trend of the Web3 era.
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1. **Impact of Trump's Election on the Dollar**: The article predicts that Trump's presidency may lead to a depreciation of the dollar, achieved through interest rate cuts to help American businesses gain an advantage in international trade.
2. **Trump's Economic Policies**: Trump may continue his 'America First' policy, including domestic tax cuts to stimulate manufacturing and tariffs on foreign goods to protect American interests.
3. **China-U.S. Trade Relations**: Trump's ascension may lead to further rifts in China-U.S. trade, presenting both challenges and opportunities for Chinese enterprises, potentially accelerating China's domestic substitution process.
4. **Energy Policy**: Unlike Biden's support for new energy, Trump may support traditional energy industries, particularly the oil industry, which could lead to tensions between the U.S. and the Middle East.
5. **Global Economic Impact**: Trump's policies may have far-reaching effects on the global economy, including aspects of monetary policy, trade policy, and energy policy.
The article analyzes the possible policy directions of Trump and explores the impact of these policies on the global economy, especially on the dollar, renminbi, gold, and stock markets. Additionally, it raises some questions about the potential changes in Trump's policies, suggesting that four years could lead to adjustments in his approach.
2. **Trump's Economic Policies**: Trump may continue his 'America First' policy, including domestic tax cuts to stimulate manufacturing and tariffs on foreign goods to protect American interests.
3. **China-U.S. Trade Relations**: Trump's ascension may lead to further rifts in China-U.S. trade, presenting both challenges and opportunities for Chinese enterprises, potentially accelerating China's domestic substitution process.
4. **Energy Policy**: Unlike Biden's support for new energy, Trump may support traditional energy industries, particularly the oil industry, which could lead to tensions between the U.S. and the Middle East.
5. **Global Economic Impact**: Trump's policies may have far-reaching effects on the global economy, including aspects of monetary policy, trade policy, and energy policy.
The article analyzes the possible policy directions of Trump and explores the impact of these policies on the global economy, especially on the dollar, renminbi, gold, and stock markets. Additionally, it raises some questions about the potential changes in Trump's policies, suggesting that four years could lead to adjustments in his approach.
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Bitcoin Storm: Market Turmoil and Political Contest on the Eve of the Election
### 1. Bitcoin breaks through strongly, altcoins need to be cautious in their sprint
$70,000 is a key psychological price for Bitcoin. It not only represents an important sign of market confidence, but may also become the focus of the game of power among multiple parties. When the price reaches this level, it often means that the market sentiment has reached a new climax. Both bulls and bears will compete fiercely near this price. From the daily chart, a large amount of funds flowed into the market yesterday, pushing the price of Bitcoin above $70,000, and the trading volume increased. MACD showed an "air refueling" pattern, indicating that the price may continue to rise, but with increased risks, the rise is expected to last for 3 to 5 days. The 1-hour chart shows that the price may rise sharply first, then slightly pull back, and then rise again, attracting more retail investors to chase the rise, and the main funds can use this to further push up the price. The current long-short ratio is 0.59, and the market is willing to go long. If Bitcoin continues to rise, the risk of subsequent pullbacks will also increase. Some investors may choose to open short orders with sufficient margin to obtain short-term gains. Given this trend in the Bitcoin market, this may be the final sprint for altcoins. If you have bought some altcoins at the bottom before, you can now consider gradually reducing your positions. Especially for those currencies that have seen a large increase and whose technical indicators show overbought, such as SOL, DOGE, etc., you can consider shorting with a light position. For any currency that has seen a significant increase in the past two days, a similar operation strategy can also be adopted.
$70,000 is a key psychological price for Bitcoin. It not only represents an important sign of market confidence, but may also become the focus of the game of power among multiple parties. When the price reaches this level, it often means that the market sentiment has reached a new climax. Both bulls and bears will compete fiercely near this price. From the daily chart, a large amount of funds flowed into the market yesterday, pushing the price of Bitcoin above $70,000, and the trading volume increased. MACD showed an "air refueling" pattern, indicating that the price may continue to rise, but with increased risks, the rise is expected to last for 3 to 5 days. The 1-hour chart shows that the price may rise sharply first, then slightly pull back, and then rise again, attracting more retail investors to chase the rise, and the main funds can use this to further push up the price. The current long-short ratio is 0.59, and the market is willing to go long. If Bitcoin continues to rise, the risk of subsequent pullbacks will also increase. Some investors may choose to open short orders with sufficient margin to obtain short-term gains. Given this trend in the Bitcoin market, this may be the final sprint for altcoins. If you have bought some altcoins at the bottom before, you can now consider gradually reducing your positions. Especially for those currencies that have seen a large increase and whose technical indicators show overbought, such as SOL, DOGE, etc., you can consider shorting with a light position. For any currency that has seen a significant increase in the past two days, a similar operation strategy can also be adopted.
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Is Ethereum going to cool down?
Let's first look at the performance of ETH against BTC in recent months.
On May 26, Bitcoin was around $67,000, while ETH was approximately $3,800.
On July 30, Bitcoin still maintained around $67,000, while ETH had dropped to $3,200.
On September 28, Bitcoin's price remained strong around $67,000, while ETH further dropped to $2,600.
By October 27, Bitcoin's price still maintained at $67,000, while ETH fell to $2,500, and such performance is indeed surprising.
If you say that the time span above is too short, only five months, then let's take a look at the recent two years of the ETH/BTC candlestick chart.
On May 26, Bitcoin was around $67,000, while ETH was approximately $3,800.
On July 30, Bitcoin still maintained around $67,000, while ETH had dropped to $3,200.
On September 28, Bitcoin's price remained strong around $67,000, while ETH further dropped to $2,600.
By October 27, Bitcoin's price still maintained at $67,000, while ETH fell to $2,500, and such performance is indeed surprising.
If you say that the time span above is too short, only five months, then let's take a look at the recent two years of the ETH/BTC candlestick chart.
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Binance lists a meme coin every day, crypto retail investors are endless.
Without CZ, Binance has completely abandoned the 'customer-centric' values and has become a super-profitable unicorn in the crypto field. Today, the announcement of MOODENG's listing directly spiked over 100%, and yesterday's announcement of GOAT also soared over 50%, almost consistent with the market wave of one VC coin per day in March.
The fundamental logic behind why these newly listed memes are only listed for futures and not for spot trading is to facilitate precise harvesting of users. Otherwise, for a coin with mature underlying logic and quality, why not go directly for spot trading?
The fundamental logic behind why these newly listed memes are only listed for futures and not for spot trading is to facilitate precise harvesting of users. Otherwise, for a coin with mature underlying logic and quality, why not go directly for spot trading?
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This Friday Could Change Everything for Bitcoin – Here’s Why
A pivotal moment is approaching for Bitcoin as BTC options worth $13.6 billion are set to expire on November 29, creating significant market volatility. Bulls aim to push Bitcoin’s price above the iconic $100,000 mark, leveraging their dominance over call options.
Currently, call options (buy) outweigh put options (sell) with an open interest of $7.4 billion versus $6.2 billion, presenting an opportunity for optimistic investors. Potential outcomes based on the closing price include:
• $86,000-$90,000: $1.65 billion gain for call options.
• $90,000-$94,000: $2.6 billion advantage for buyers.
• $94,000-$98,000: $3.55 billion gain.
• $98,000-$102,000: Bulls could secure $4.58 billion.
While bears will attempt to keep BTC below $90,000, its 34% rise in 30 days gives bulls the edge.
Reaching $100,000 depends on key factors:
• 20% of call options ($4.25 billion) target $100,000.
• Put options above $100,000 are negligible, totaling just $80 million.
• Macro pressures and inflation concerns could bolster BTC as a safe haven.
Bitcoin’s resilience, coupled with strong market dynamics, positions it for a historic milestone.
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