A quick scan of the market shows that most altcoins have dropped to the bottom from a weekly perspective. For altcoins, a decline is an opportunity to accumulate in batches. Don't wait until it rises and then chase the high, only to be firmly trapped at the peak.
Here are a few altcoins I am optimistic about: $TIA 4.5—3.9, $ENA 0.34—0.28, accumulate in batches, $STRK current price 0.347, direct entry into spot, waiting for the wind to come.
The general election is intensifying, and the weekend market is lukewarm with most altcoins falling to the bottom, especially the MEME sector. However, those holding altcoins don't need to panic; the market will surely experience a process of capital flowing into altcoins after being drained and then correcting.
Tomorrow marks the beginning of the U.S. election, and with the time difference, the results should be revealed around the early hours of the 6th. However, based on current information, Harris has a slightly higher chance of winning. From my personal understanding, regardless of who comes to power, the market will rise and then fall back. Everyone should avoid too much FOMO.
Looking at the daily chart of the market ($BTC ), it still shows a downward trend with a tug-of-war between bulls and bears. The specifics will depend on the situation of U.S. stocks in the evening. In the past two days, everyone should be prepared and remain vigilant for extreme market conditions.
$DOGE The market remains still, the dogecoin hunting moment has begun again, although a large amount was released at a critical position, we still need to observe for stabilization signals.
The shanzhai sector follows the $BTC market for a synchronized adjustment. After the ridiculous non-farm data was released yesterday, the market peaked at 71650, and the high-end position arranged for short orders at 71450, capturing over 2000 points at the highest. The overall market this weekend is not very active, with only a few hundred points of short-term profit, so there is no desire to open new positions. Everyone should take a good rest and prepare for two major events next week:
The U.S. election on November 5 and the Federal Reserve's interest rate decision and Powell's press conference on November 8.
A new month brings a new journey. This month is the month of financial reports, plus the election and interest rate cuts, this month has the biggest opportunities. Come on everyone💪
Good morning, the current price of pancake is 70100. Can you bear the market's bullish and bearish fluctuations?
Two days ago, I saw people in the square who couldn't hold on to the short orders at 69000 and were ready to leave. They are all people who have been struggling in the market. Who has not experienced holding orders? If you don't even have this tolerance, why don't you reduce your position and set a good stop loss? What we do is long-term investment, not gambling. From the analysis of price behavior, the cost of the dog dealer directly pulling up 80,000 must be much greater than the benign rise of going up and down. I still remind you to plan your position and set a good stop loss, don't fall before dawn
$BTC From the daily chart, the top of the upward trend appears Reversal pattern, MACD green column shrinks and has a trend of forming a golden cross. It has now fallen below the 70300 support. The next step is 68500-68000. Short positions should be cautious when entering the market. Those who already hold positions should wait for the release of positions. It is not ruled out that the main force will wash out the long and short positions at this position.
The $BNB mentioned yesterday was also brought down, and the pin position was 571. It stopped falling near the position where I drew the line. At present, the rebound strength is still not strong. Wait and see if the cross star is closed.
$ETH Ether is not mentioned. The bottom is constantly rising and waiting for a rebound.
$BNB The golden shovel has been a bit sluggish lately, hasn't there been any new mining coming out?
Looking at the 4-hour chart, there has been a gradual increase in volume, and the long positions that entered in the previous dense trading area have already been liquidated by the market maker. The current price allows for a light long position test, waiting for the market to stabilize.
The maximum fluctuation of $BTC was only 700 points without any operational space, so it's better to keep hands off and observe more. Pay attention to the initial unemployment claims data at 8:30 and the fluctuations during the U.S. stock market opening.
Yesterday, ETFs continued to see huge inflows, but the cryptocurrency prices did not perform well. The large inflows over the past few days have increased long positions as prices rise, but institutions are not foolish and will not allow unlimited inflows. If the inflow of funds decreases, the earlier profit-taking positions will be sold off, leading to a significant price correction. Therefore, it's not suitable to go long at the current position; it's better to focus on short positions.
It is recommended to build short positions in the range of previous highs 73500—73800, with a stop loss of 500 dollars.
$BTC Air Force brothers, don't panic. The daily market is under pressure and moving downward, and the market is relatively weak. The MACD bullish volume bars are decreasing and are about to form a death cross, giving a sense of weakness in upward movement and that it could drop at any time.
Furthermore, from the recent inflow situation of institutions, it is very likely that institutions are speculating on expectations rather than planning for long-term investments. In a market driven by expectations, after this round of expectations ends, it is hard to think of any expectations that could support the emotional aspect. What will happen when a large amount of speculative funds take profits is something everyone understands.
As of the current market situation, only Bitcoin is soaring, while altcoins remain stagnant. Those who have missed out should not worry; Bitcoin will definitely have a correction. With the elections approaching, be mindful of risks. The next two to three weeks will be influenced by the elections. Large fluctuations cannot be ruled out, just make sure to seize the opportunity.
Cattle returns quickly, $BTC biscuit broke through 70,000 in the morning, reaching a maximum of 71,600. I didn’t expect it to reach 70,000 so quickly! 😀
As mentioned yesterday, $PEOPLE fell right after I spoke, not following the market trend, which scared away a group of indecisive investors. Fortunately, it only retraced slightly on the trend line and did not break below. Friends who are holding have already seen about a 10% profit; just hold onto your spot.
Funds rotated to the fan coin sector $SANTOS exploded with a daily maximum increase of 140%, it's really as long as it is wide and as high as it is long.
The employment report released this Thursday and Friday is stable as long as there is no major surprise in the November rate cut? According to the current market trend, there is a chance that the market will touch above 70,000 this week
The $PEOPLE election coin is currently at the lower boundary of the rising channel. It can be gradually purchased in spot between 0.73 and 0.7. As the election approaches, expectations are growing stronger, and laying out hotspots is not a mistake.
The current market structure is: altcoin leaders are weak against Bitcoin, altcoin funding is fragmented, and major players are hesitant to make moves
Bitcoin is draining funds, institutional capital is concentrated in trading; MEME rallies ignite first-level market differentiation and second-level funding
Currently, the overall market is still in a triangular consolidation structure, ranging from 71000 to 65000, many altcoins are suppressed and at the bottom. It is recommended to gradually accumulate hot altcoins during market pullbacks, waiting for the overall market to break out of the triangular range
This wave trend of $BTC has been captured again, earning a small profit of 1000 points. Trading is just that simple: buy low, sell high, and follow the trend.
In the cryptocurrency world, the most important thing is to seize the trends. Once the heat is gone, playing around is likely to result in losses.
For example, the peak of L2 hype was during the Cancun upgrade, so you see that ARB and OP have never broken their previous highs; the hottest time has passed, and no matter where you try to buy the dip, you are still losing.
Currently, the hot topics are meme coins and the upcoming major elections. If you catch the trends, you are already halfway to success.