This market is quite extreme; every time you think you can take a step further, a crash comes.

1. $BTC is fluctuating between 71000-68000, and contract players are being tortured;

According to CNBC, investors are buying #Bitcoin in large quantities in preparation for the U.S. presidential election;

Bitcoin mining's daily average revenue and gross profit have been declining continuously, while network computing power has reached an all-time high;

2. $ETH's long-awaited exchange rate has actually risen a bit, the reason being it has fallen less, but it feels like it is dragging others down;

Switzerland's largest bank, UBS, has launched the world's first tokenized fund based on Ethereum;

Ethereum's net supply has increased by 38,960.95 coins over the past 30 days;

3. $SOL has the highest decline among the TOP 4, but I believe it has also increased the most;

4. $BNB continues to watch @binance blockchain week, envy all the big influencers chartering planes for drinks, as long as they don't crash my wallet;

5. The U.S. government is seeking to recover $13 million in political donations from former FTX executives;

6. Coinbase states that the FDIC has “advised” banks not to provide cryptocurrency services more than 20 times;

7. DWF Labs is considering legal action against former partner Eugene Ng due to allegations involving drugging beverages;

8. With a historic election approaching, the number of outstanding contracts in cryptocurrency has surged;

So are people betting on Harris or betting on Trump? It’s quite funny; those who think they are different from everyone else choose Harris, while those who see themselves as the majority choose Trump;

9. BitGo hires former Silvergate president to oversee stablecoin operations;

10. 21Shares submits XRP ETF application to the U.S. SEC;

It’s becoming harder to play, especially every time I see someone making almost what I make in a few months in just a few days, I always want to compare, and then I start losing money.
😂

It's quite regrettable; it feels like I'm a bouncing ball; I still have to get used to myself.
#美国大选后行情预测 ##MtGox transfers BTC

Today is the beginning of November, so Bing Tang will first discuss the market outlook from November to December. First of all, whether Bitcoin can reach a new high or only slightly break the previous high, it will face a situation of 'the higher you go, the colder it gets' — a weekly top divergence is about to form, indicating that a long and significant correction is on the way.

It can be said that November will be a turning point for Bitcoin from bull to bear! After the U.S. elections and in the context of potential second interest rate cuts, the historical performance of the U.S. stock market before and after the second and third rate cuts has often been unsatisfactory, usually resulting in significant pullbacks.

Over here in the U.S., the economic 'tap' has been tightened, and the Bitcoin bubble can no longer be inflated. This can be referenced from previous analyses, which largely explain the market dynamics after the U.S. elections and interest rate cuts.

Therefore, it can be said that the current Bitcoin bull market has reversed, and it no longer matters how much the price rises now. The trend of a significant correction will not change, and you need to understand the trend before discussing trading.

Secondly, Ethereum has shown some rebounds in the past two months, but it still struggles to break free from the bearish trend on the daily chart, repeatedly hitting walls at the resistance level of 2820. Historical data shows that during non-bull markets, Ethereum tends to move downward in November and December.

Thus, this time, Ethereum is likely to continue the bearish trend, possibly falling below the 2000 mark. Meanwhile, altcoins will also plummet to historical lows, resulting in a bleak situation.

As the saying goes, 'a thousand years of waiting for one moment,' Bitcoin and Ethereum will eventually reach their bottoms. The opportunities for altcoins will be waiting to be discovered in this relentless winter of declines, and we await whether this winter can truly welcome spring.

Finally, tonight's non-farm payroll data; there are no surprises regarding the U.S. economic data exceeding expectations, as since the Federal Reserve cut interest rates, U.S. economic data has hardly ever been disappointing.

If nothing unexpected occurs, the U.S. non-farm payroll data released tonight will definitely also exceed expectations, so the next step of the Federal Reserve slowing down interest rate cuts or even possibly stopping them is likely, but what is the purpose of this?

Mainly to maintain a strong U.S. dollar index and a strong U.S. stock market, because as long as the U.S. dollar index remains strong, the U.S. can continue to harvest global market capital

#市场关注美国非农数据

The stock price of Trump Technology Group (DJT) plummeted, and the U.S. stock market and Bitcoin followed suit. One of the reasons is that the market had previously imagined the bull market after Trump's election to be too beautiful.

Yesterday, Trump also "proudly congratulated" Bitcoin on its 16th birthday on Twitter, saying that he would end Harris's "war" on cryptocurrencies, and even threatened to "make Bitcoin in the United States." He finally said: "Vote for me!" His intention to become the "big brother" of the Bitcoin circle is obvious.

What is even more jaw-dropping is that Fox News "turned against" overnight. Public polls show that Harris has surpassed Trump in several key states. The sudden reversal of the mouthpiece of the Republican Party makes people wonder whether the wind direction has really changed, or is Fox playing some new tricks?

In Arizona, Georgia and Nevada, Harris is slightly ahead, while Trump wins a little bit in North Carolina. The two are chasing each other, and the gap is like a seesaw, which can flip over if you are not careful. Watching them fight, it's like a competition to see who will fall off the chain first.

In the past two days, fans who found Bingtang have been asking several questions on the phone. One is still about how long the bull market of Bitcoin will last, the other is when will the buying opportunity of altcoins come, and whether the recent sluggishness of Ethereum will lead to a big correction?

Due to limited time, Bingtang did not elaborate on the phone. Today, I will write a little more in detail in the following article.
#美国大选后行情预测

#你问我答
After coming out of $goat, the entire meme track has undergone a significant style transformation

Most of the targets that have emerged in this wave are either institutional or strong whale-backed

For example, $ai16z, $ban, $wood, $cheems

This feeling is increasingly reminiscent of the second wave of inscriptions last November

At that time, the inscription track was mainly dominated by Chinese participants

So the cycles were very short

However, this wave of memes is primarily dominated by overseas participants

So the cycles will obviously be longer

In contrast, the cycles for community-driven and narrative-driven projects will be much shorter

Currently, it seems that only $luce and $koma have long-term viability

The former has an unbeatable narrative

The latter has a strong community

I know many friends might be wondering whether today's decline means the end of the bull market, and what the reasons behind it are. Is it the poor earnings reports from tech stocks, the disappointing core PCE data, or the possibility that Trump may face failure?

Honestly, I'm not sure what the correct answer is either. There are indeed some unfavorable factors affecting the market, but they are not critical. For example, the poor performance of tech stock earnings has indeed dragged down the Nasdaq and S&P 500. Coinbase's earnings report was particularly bad, leading to a drop in its stock price of over 15%. However, the drop in $MSTR was only 1.15%, even less than the drop in Bitcoin. While the core PCE data was less than ideal, it was already anticipated by the market, so it has little impact on the Federal Reserve's monetary policy in November.

As for Trump's election situation, there is still some time until the election, and there are currently no obvious signs indicating he will fail. Although today's Polymarket data shows his probability of winning has decreased by 1.4%, he still leads Harris by 27.8%. Results will be available next week, so let's be patient.

From my perspective, the impact of inflation data and earnings reports on Bitcoin's price will not be significant. Even if Bitcoin experiences a slight pullback, I still believe the climax brought by the election has yet to arrive, and the bull market will not end so quickly.
#BTC☀

After two days of everyday declines, the market is filled with pessimistic sentiment; after two days of increases, it's all about the bull market coming. The emotions are being manipulated by the big players.

The drop last night and this morning was due to Trump's company's stock circuit breaker, a decline in approval ratings? Or is it the hex of mandatory declines at summits? Or is it a technical adjustment? The market has its own interpretations.

But the real reason for the drop is known only to the big players, and they will also provide reasons that retail investors want to see to calm emotions. However, the most effective data is, first, whether the big players are continuously buying, and second, the accumulation of long and short positions. When there are too many increases, there needs to be a massive liquidation of long positions; long positions must accumulate to a certain total before a significant increase can occur.

However, the overall large ETF is still seeing inflows, while Ethereum's ETF is seeing outflows. Just now, the address in Mentougou also transferred out 500 coins, with 44,900 coins remaining. Next, we will see an increase that triggers short positions.

#你问我答

#1MBABYDOGE🍋🍋🍋
Current price 0.00234, get on board directly, after hitting the bottom rebound, coupled with the impact of the U.S. election news, doge has already shown signs of a surge. Baby Doge will also be waiting to take off!

Get on board directly!

$BTC
This market pullback is due to sell-offs caused by the uncertainty of the election.

Just one step away from a new high, the price of the currency unexpectedly plummeted, which exceeded most people's expectations. Often, the more concentrated everyone is in one direction, the more dangerous it becomes.

However, after a significant decline, an oversold phenomenon will occur. At this point, one should not chase the short position, but can focus on entering long positions on dips, waiting for a V-shaped reversal before exiting.
#美国大选后行情预测

Stay steady, stay steady, stay steady!
The U.S. presidential election is approaching. The tactic of hitting randomly to defeat a skilled opponent is here again!
For Trump and Harris, it doesn't really matter who gets elected; both are beneficial for the cryptocurrency sector, which is a profitable business. Who wouldn't support that!
Today, Bitcoin is pulling back to support around 69,500, while Ethereum is pulling back near 2,460! Bitcoin is testing the breakout level. Ethereum is still within the oscillation range! There are no major issues as long as it doesn’t break out effectively.
Just wait for stabilization before getting involved.

#BTC☀ $ETH

Good morning, October has passed in the blink of an eye, and a new November has arrived. Are you satisfied with this Silver October?
The pancake is looking at the monthly K line closing, and a clear reversal in rhythm has emerged. The following trend will be a large fluctuation. Yesterday, it fell back below 70,000 from a high near 73,000, and is currently consolidating around 70,000. The beginning has already shown such a large amplitude, and there will definitely be continuous big profits ahead. Be prepared and ready to take off at any time.

From a structural perspective, the daily line has experienced three consecutive bearish corrections, and the rhythm has shown a clear reversal. Moreover, the historical high points above have not been broken, and all indicators are also maintaining a weak trend. This round of correction needs to further probe for low-point support.
In the short-term and small cycle, the weak rhythm is even more evident, and there has been no opportunity for the bulls to warm up and recover. The overall rhythm is a weak shape. It is suggested to operate around the high point, and friends who are preparing to bottom-fish can observe.

#你问我答
There is no surprise regarding the significantly better-than-expected economic data from the United States, as since the Federal Reserve cut interest rates, the economic data from the U.S. has hardly been disappointing. If all goes as expected, the U.S. non-farm payroll data released tonight will certainly also exceed expectations, so the next step for the Federal Reserve to slow down interest rate cuts or even possibly stop them is very likely. What is the purpose of this?
The main goal is to maintain a strong U.S. dollar index and a robust U.S. stock market, because as long as the U.S. dollar index remains strong, the U.S. can continue to harvest global market capital. It will then come down to who can outlast whom. Initially, the Federal Reserve claimed it would never cut interest rates, yet on September 18, it finally gave in and cut rates. Now, the Federal Reserve can completely choose not to cut rates and even continue to raise them; the market has the patience to endure that.
#市场关注美国非农数据

Here it comes! Last night the market was truly poor!

The atmosphere of Halloween is really strong, whether at immigration points or in friend circles, it’s all 'haunted house vibes';

1. 1$BTC is affected by unknown influences, the drop below 70000 is just around the corner;

2. 2$ETH more and more people are disappointed with it, the decline is significantly leading, the exchange rate is about to drop again;

3. $SOL various startups, various stories of trays, various memes’ myths, created a high that rebounds a lot;

4. $BNB listened to @cz_binance's story for a day, physical exercise is going well, chest muscles are huge, like cz started to learn fitness; @cz_binance: 2024 may become the 'recovery year' for Bitcoin, still optimistic about industry development in the long term;

5. $BITCOIN Harry Potter big holders bizarrely dumped 3.5m at night, directly exchanged for $BTC , what's going on here?

Directly leading the entire cultural token down, everyone has started to adjust;

6. The founder of $ACT, AMP, has finally publicly dumped all of his tokens, the community is quite stable, retail investors are increasing their positions;

The project side has run away, retail investors have officially completed CTO;

7. MicroStrategy's market value surpasses Coinbase;

8. Immutable responded to the SEC Wells notice by stating that the IMX token is not a security;

9. Tether registered a net profit of 2.5 billion dollars in the third quarter, bringing the total amount to 7.7 billion dollars from the beginning of the year to now;

10. The Chief Financial Officer of Florida stated that the state holds 800 million in cryptocurrency investments;

11. Trump's crypto project WLF has lowered the financing target for the WLFI token from 300 million dollars to 30 million dollars;

12. Coinbase International will launch NEIRO perpetual contracts;

13. Report from the U.S. Blockchain Association: since Gary took office, member companies have spent over 400 million dollars on legal defenses;

14. Last night a project showcasing wallet accounts $RIPETH was launched, quickly breaking 10m, then directly dropped to zero, the creator of RIPETH only profited less than 10,000 dollars, and currently holds no RIPETH;

15. After the allegations against DWF partners, a male individual who was mentioned again reported to the public security bureau;

Interestingly, not many golden dogs came out last night, looking at various devs performing, are they all worried about the market worsening and not being able to cut losses?

One should not take extremes, but should view all matters reasonably.
#美国大选后行情预测

Although the history is not quite the same, every bull market is characterized by capital rotation. Currently, it seems that if there is a large amount of capital rotation in BTC, the only ones that can absorb this massive institutional capital are ETH and SOL. Currently, SOL is already at a high position, and the key is that ETH has an ETF, making it easier to absorb this capital. After ETH breaks through, there will be an altcoin bull market. October belongs to the bull market of Bitcoin, and perhaps November will be the bull market for altcoins. Let's look forward to the big market in November.

#tia

TIA completed 80% of its token unlock yesterday. From the market perspective, there has been a decline, but the extent is not significant.

Currently, TIA has reached a strong support level, and it may follow Bitcoin to rebound, providing an opportunity for trading.

TIA's current price is 4.66u, with an entry layout, take profit set at 5.4u, additional buying at 4.5u, and stop loss set at 4.4u. ​​​​

距老美大选的日子近在咫尺了。在这场备受瞩目的政治角逐中，出现了有趣的站队现象。老马站队川普，而谷歌前CEO、乔布斯遗孀等一众大咖则支持哈里斯。这次的老美大选意义非凡，它不但决定老美的未来，更与一众资本大佬的命运紧密相连。

大盘这两天变得非常安静，似乎也在等待大选给出的信号。因为前者公开支持了数字货币，这或许意味着他们在大选中获胜，可能会给相关领域带来更多盈利机会。就目前大饼这个位置，即然已经选择了上攻离新高不远后又回调整理！又处在这样的敏感期，你们的选择是多还是空或是空仓看戏？ #美国大选后行情预测

Today's liquidation map reveals:

If Bitcoin rises to 74,000, short liquidations could reach 3 billion; conversely, if it falls to 68,000, long liquidation risks could soar to 7 billion.

The market is highly volatile, and investors need to respond cautiously, closely monitor price dynamics to react promptly and mitigate risks.
#BTC挑战历史最高价 #BinanceBlockchainWeek

#doge⚡
DOGE has been following Bitcoin quite well recently. Is the "mad dog mode" of each bull market late but coming? Current DOGE price: $0.171

1. The number of DOGE addresses has increased by 1.5 million in a year, currently reaching 6.73 million.

2. In the last bull market, DOGE entered the "mad dog mode" in December 2020, reaching its peak on May 6, 2021, lasting for about half a year and increasing by several hundred times.

3. If this wave is a long bull market for MEME coins, will the leading MEME coin run out a monster with a market value of 100 billion? If so, then DOGE's hope should be the greatest.
#DOGEUSDT

The current market is still dominated by "Meme is king". In this wave of market trends, the leaders in various Meme subfields are particularly eye-catching:

AI Meme: Goat
Musk's continuous backing: Doge
Trump concept: Maga
Cult theme: Spx Harry Potter
Art and Sotheby's combination: Ban
Animal concept: Nerio Moodeng

In addition, there are various cat, dog, and frog coins, most altcoins are just following the trend with low trading volumes, but the leaders in these subfields are clearly outperforming the overall market. All of this undoubtedly shows us the strong resilience and influence of Meme culture.

Before this wave of BTC surge, I was looking at various tracks. Every day I think about which track could rise 10 times.

AI is certainly a candidate, but looking at the market caps, imagining a 10x increase is hard to fathom. Everyone knows that the AI coins currently in circulation are useless; they are just riding the AI wave. However, to align with the AI track, one still has to endure the disgust and buy. Where there are problems, there are opportunities:

This is the opportunity for new AI coins. New AI coins cannot simply be viewed as memes. The funds brought in by a16z are largely not meme trading funds. When research-oriented and allocation-oriented funds see clearly and the situation becomes increasingly clear,

The funds allocating to the AI track will start to invest a portion in new AI coins; this is a new trend in the new species of AI.