Can SOL really increase more than ETH?

For example, many years ago, a friend of mine thought that the price of BTC was too high, so he exchanged BTC for LTC. He thought that because the total amount of LTC was one-fourth of BTC, the price should be one-fourth lower accordingly.

Later, he also exchanged ETH for ETC. At that time, the price of ETC was 20 times cheaper than ETH. He fantasized that ETC could catch up with ETH, and even the price could reach 1:1.

He had exchanged for cheaper currencies countless times because he thought the price of a certain currency was too high. As a result, these cheap currencies often returned to zero, while the currencies he exchanged rose sharply.

This situation has been repeated, so you understand.

#sol板块

In the crypto world, if you don't want to become a victim, keep the following points in mind!

1. Don't think about getting rich overnight.

2. Try multiple small trades.

3. Even if you can consistently earn over 20,000 yuan in a month, you still need to remain cautious.

4. In contract trading, remember! Always set a stop-loss.

5. Coins bought on exchanges require time to settle; if you don't have enough time but want to make quick money, it's easy to end up with nothing.

6. Every profit in the crypto world comes at the expense of someone else's loss.

7. If you're using spare money, then you already have an advantage over 90% of players.

8. Don't buy coins that have dropped more than several times, they have no value.

Recently, there has been a lot of attention on the election. In fact, regardless of who is elected, it will not affect the arrival of the BTC bull market; it will only slow down the progress based on the results.

At such times, it is best to observe. Of course, you can make choices if you are a spot trader, but try not to choose some altcoins. Personally, I feel that most altcoins are still hard to rise. In the future, there will only be rotation among sectors; following whoever is strong is the correct strategy.

The election day is approaching, the market is unstable, tomorrow is the decisive day, and it is expected that there will still be no significant fluctuations in the market today, as funds are waiting for the election results. However, the primary targets remain the leading Meme categories. Wif, Floki, and Pepe are also the easiest for everyone to hold onto. Since making money in the market is difficult, it's best to focus on the sectors with the highest certainty.

There is no comprehensive bull market, only local bull markets.

ETH has played all its cards in the last round, so its performance this round is mediocre because there are no cards left to play. The cards played do not have ecological upgrade functions in the short term, and the EVM ecosystem needs to focus on doing a good job.

As for those EVM Layer 2s, perhaps giving up on toC and turning to toB could be a new opportunity. It can secure a place in the era of major Web3 applications.

For trading, closely monitor other public chain ecosystems; any new public chain that replicates ETH's old path will bring wealth opportunities.

At 7 o'clock tonight, a general election that will determine the future economic trend is about to begin! This is not only a major event in the United States, but also the focus of global financial markets.

1. At 12 o'clock midnight on November 6, the results of the US election will be announced. No matter who wins, it will have a profound impact on the global economic landscape.

2. At 2 o'clock in the morning on November 8, the Federal Reserve's interest rate meeting will announce another interest rate cut, which will undoubtedly add fuel to the already turbulent financial market!

3. The prices of cryptocurrencies such as Bitcoin and Ethereum will also fluctuate violently as these major events progress. This is not just a change in numbers, but also a turning point in the fate of countless investors. Every decision and every piece of news may double or return wealth to zero in an instant.

Friends, these will be the key days to determine the future direction of our wealth! What do you think?

The current market is clearing liquidity near 68500. With a noticeable decrease in liquidity below, the current focus is on the area above 6910, where over 70 million dollars of liquidity is waiting to be initialized. At this time, it is recommended to remain patient and wait for the right opportunity to enter the market.

#BTC☀

Today's Market Dynamics:

Bullish: The Trump-related concept sector rose again last night, and DOGE also followed suit today. The betting odds on Polymarket for Trump's victory have reached as high as 60%, while Musk's seven-week activity on Twitter remains dominantly influential.

Bearish: Mt. Gox transferred 32,371 Bitcoins, worth approximately $2.18 billion. Additionally, the Bitcoin ETF saw a net outflow of over 8,427 Bitcoins last week, leading to a slight weakening of market sentiment.

Market reactions typically precede actual events and often exhibit movements contrary to expectations. According to Xianxian's analysis, if Trump ultimately wins, there may be a continued decline before the results are announced, accompanied by a flood of bearish news triggering market panic. Once Trump officially takes office, the market is likely to start rebounding.
If Harris takes office, there may be continued growth in the short term, but once she is in power, the market is likely to experience a significant drop.

This trend aims to maximize profits; although the election competition is fierce, the true determinants of market direction are still the underlying capital.

Daily Market Analysis——ETH

ETH performance is relatively weak, having dipped below the support level of 2450 yesterday, reaching a low of 2357. If it cannot break through the 2450 level, the focus should be on short positions, with potential support levels possibly between 2320 and 2210, which is quite pessimistic.
At the same time, the ETH/BTC exchange rate continues to decline, which is undoubtedly bad news for E-series tokens
#ETH🔥🔥🔥🔥

Daily Market Analysis — BTC
BTC continues to oscillate and test the bottom, dropping to a low of 66810 yesterday, currently consolidating around 67850, with the market still showing weakness. There can only be a bounce in between, and for now, we shouldn't consider a reversal; it remains a trend of oscillating and testing the bottom!

BTC Focus Points:
Support Levels: 65600 / 64450 / 63260
Resistance Level: 69800
Current Key Levels: 67850 / 66560. The trend remains within these ranges, and we shouldn't hold too many bullish fantasies for now. If you want to ensure safety, it is advisable to hold onto your chips and wait for key opportunities in the market. For example, after the presidential election results are announced, the expected speculation may fade, turning positive news into negative, and the market could experience panic selling, or the main players may take action to crash the market, thoroughly clearing out the liquidity of the past few months.
Whether this situation occurs or not, it is wise to prepare your chips in advance. When the market direction is unclear and continues to persist, avoid rushing to buy the dip or enter the market; stabilize your mindset and wait for clearer signals.
#BTC☀

The news from Mentougou is considered unfavorable. However, the market has begun to rebound, and recently there has been less trading and more observation. Prices rise and fall, with liquidity being swept back and forth. Let's wait to act until after the election is confirmed.

Looking back, the weekend decline is actually a more reasonable thing.

Because we still need to worry about the ETF factor during the decline from last Monday to last Friday,
so the decline was not smooth.

But the decline on the weekend is to hold the market down,
and it can't bounce until it is in place. ​​​​

The old 'political plates' and 'brand plates' that generally perform well on ETH are the Matt Furie series, Cult series, Wojak series, and so on.

But how to say, people generally still prefer to play new plates and new hotspots because they are simple, fast, and have large multiples. There are still few willing to spend time participating in the community and understanding all the narratives related to the themes compared to the people with old plates.

The lack of incremental funds has led to the increasingly limited stock of funds for old plates, even a good label like Swag has to rely on bridging to SOL to 'pass the level.'

After the election is over, and this wave of ZZ coins passes, half of the old plates will be gone for speculation. Where will this part of the funds go besides SOL?

The bull market has actually quietly started, and the world is gradually easing!
So, why isn't it surging like the last bull market?
The reason is that this time the easing rhythm is different.
In 2020, to cope with the impact of the pandemic, the Federal Reserve cut interest rates by 150 basis points in one month, and countries around the world quickly followed suit.
This led to a explosive surge in Bitcoin, which rose to $65,000 in six months, a 20-fold increase. However, after the easing stopped, Bitcoin only slightly increased to $69,000 by the end of the year, basically flat with the peak in April.
This cycle is characterized by slow easing, with an expected 200 basis points cut in interest rates over the next six months, rather than a rapid drop like in 2020. Therefore, this bull market resembles 2017, which was a continuous upward process, lasting a year and a half. From March to September this year, the crypto market did not rise because the Federal Reserve had not cut interest rates, and the market lacked incremental funds, resulting in a sideways trend. But now, major economies such as the United States, China, and Europe, excluding Japan, are gradually moving towards quantitative easing, coupled with the approval of Bitcoin ETFs, and the bull market is brewing. What you need to do is hold onto your coins, be patient, and you might see returns of 3 to 10 times next year.
In the short term, if Trump takes office in early November, it could become a market spark, and the crypto market desperately needs this stimulus, with Bitcoin expected to break through previous highs, directly rising by 20%, and reaching $100,000 by the end of the year.
The crypto market is full of uncertainties and challenges, but it also contains potential opportunities. Investors participating in crypto investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy!!

The US election has entered a heated stage, becoming the most expensive election in history. Elon Musk is spending money and distributing airdrops every day, while billionaires like Bill Gates are also coming out to donate!
From the amount of money spent by both the Democratic and Republican parties, it is clear that regardless of who loses or wins, the American political system has become irreconcilable. Now, whoever is not elected will face reckoning (as can be seen from Trump's frequent investigations and assassination attempts after not being re-elected). Previously, the elections in America had a bit of compromise between the two camps (the revolving door in Washington), but now it has evolved into a life-and-death political struggle!

When will the election results be announced?

According to legal regulations, the voting day for the U.S. election is the first Tuesday after the first Monday in November!

For example, this year it will be on November 5th. Generally speaking, the election results can usually be calculated on the same day or the next day based on the election results from each state.

This means that, barring any special circumstances, the earliest we can know the results of this election will be on November 6th, Beijing time!!

The elected President and Vice President of the United States will be inaugurated on January 20, 2025.

What is the next step for Bitcoin?
The reason for the decline seems to be the uncertainty surrounding the upcoming elections, the pressing question is — what is the next move for the king coin?
Well, previous patterns suggest that the post-election period marks the beginning of a bull market, which will last until the following year.
In 2016, two months after the elections, Bitcoin rose by about 60%.
Additionally, after the 2020 presidential election, the increase was about 150%.
Therefore, if history repeats itself, BTC could reach new all-time highs in the coming months.
A strong liquidity cluster has formed around $74,000. This magnetic zone may attract the price, marking a new high for the king coin.

What do you think is the root cause of losses in cryptocurrency trading?

For example: you have 1 million yuan in assets, and you use 700,000 yuan to buy a coin

The next day, the coin fell by 1%, and you lost 7,000 yuan. You don’t care, because it will rise back sooner or later.

On the third day, it fell by 3% again, and you lost nearly 20,000 yuan again. You are fearless because it will rise back sooner or later.

On the fourth day, it rose by 2%, and you got back nearly 10,000 yuan. You smiled and everything was under control.

On the fifth day, it suddenly fell to the limit, and you lost nearly 70,000 yuan. You were a little nervous and began to imagine that it could rise to the limit on the next trading day.

On the sixth day, it rose by 4%, and you breathed a sigh of relief, thinking that there are still rules to follow in cryptocurrency trading.

On the seventh day, it rose by 1%, and you began to look forward to it.

On the eighth day, it rose by 1% again. Although you think it rises very slowly, at least you have recovered your capital, so you are content.

On the ninth day, it suddenly fell by 8%, and there was a limit down during the period. You began to panic and wondered if there was something wrong with your coin selection.

On the tenth day, it fell by 4% again, and you began to get angry.

On the eleventh day, it stopped falling, and you firmly believed that your coin price would rebound soon.

But in the next week, it did not rebound, but fluctuated sideways. You went online to learn about the currency circle, and based on your own understanding, you felt that this sideways fluctuation was the legendary main force absorbing funds!

After you continued to hold the coin for a month, your coin price not only did not rise, but fell by almost eight points. You began to numb, thinking that if you could get your money back, you would take the money out and never trade coins again.

But the opposite happened, and the coin you bought was still falling. At this time, you finally saw a new knowledge point - stop loss!

Your heart ached, and you struggled in your heart, not knowing whether to leave or stay

Monday: The day session fluctuates upwards, recovering with continued pullbacks for buying

The day session consolidates within a narrow range
Adjusting the recovery sentiment from the end of last week
Currently, after a short-term pullback, it is building a bottom and gaining strength
The upward recovery can continue
The evening strategy is to buy low and look bullish
Focus on buying around 68500-68800
Looking at 69800-70300