In this bull market, knowing and doing are one, just focus on a few opportunities and invest heavily, no need to get in early, once determined, go all in.
The few older brothers I know who have achieved great results are all like this.
After the election, can Bitcoin soar? Can altcoins return to their previous highs in this bull market?
Today is November 5, 2024, Tuesday. Tomorrow is the decisive moment of the 2024 U.S. presidential election, and the results are expected to be revealed in the afternoon. Historically, after each U.S. election, the market has surged, and I believe this election will be one of the key points for the fourth wave bull market in the crypto space. History cannot be altered; will it continue its trend or start anew? Currently, presidential candidate Trump has a high voice and leads Harris in support.
Regarding who will be elected, I personally think Trump has a higher probability. Not only does he support crypto and embrace new things, but his fighting spirit at 78 years old is also admirable. However, everyone should know that U.S. elections are like rolling dice; there is huge uncertainty. Until the results are announced, anything can happen. One thing is certain: regardless of who becomes president, the bull market cycle will continue.
This week's market is about to welcome a critical moment! How to layout accurately?
Today is November 4, 2024, Monday. Bitcoin dropped to around 67,478 USD yesterday and then rebounded to a high of 69,500 USD this morning, closing around 68,700, which is considered decent. Today is already the 4th, and the election starts tomorrow. By noon Beijing time on the 6th at the latest, we will know the election results. I personally expect that Trump's rise is a high-probability event, and the bull market in the B circle starting in 2025 is also a high-probability event. Therefore, all current fluctuations are only temporary; be a friend of time and hold patiently.
Ethereum's current trend mainly follows the overall market. The market is still relatively weak, and compared to Bitcoin, Ethereum's exchange rate is still continuously declining, leading to most altcoins heading towards new lows. Yesterday, Ethereum dropped to around 2,410, and many altcoins have basically retraced their recent gains. Therefore, if you want to invest long-term in the early stage of the bull market, Bitcoin is relatively safer. The early stage of altcoin long-term bull markets is basically like a roller coaster, rising fast and falling even faster. I personally believe that Ethereum's price is currently at the bottom of the bull market, and I am still very optimistic about Ethereum. I will continue to hold and wait for a market shift. From the historical trajectory of bull markets, market capital will quickly rotate to Ethereum, so what we can do now is to hold patiently.
The hottest topic right now is the presidential election, which will be announced tomorrow. Trump and Musk are both top-tier figures in crypto, and if Trump wins, it will be a strong positive for crypto.
The voting day for the 2024 U.S. presidential election is set for November 5th. Based on historical experience and current predictions, preliminary results of the election may gradually become clear on the evening of the voting day or in the early hours of the following day. For viewers in Beijing time, preliminary election results may start to be seen around noon on November 6th. As for the fluctuations, the market rises if Trump is in power and falls if Kamala Harris is in power. Recent news is concentrated, so be aware of the risks!
Just organized a bottom-buying list, divided into the following directions:
Meme Coins: Meme coins are a must-buy, with a focus on recent popular projects. Currently, it ranks second lowest in market cap within the Hippo Moodeng contract, still opting for the lowercase $NEIRO for the spot part, the king of the new generation of Meme coins.
Narrative Coins: Mainly referring to projects in the payment field, which have a certain narrative concept and are difficult to disprove, focusing on $ENA and $CELO.
Discount Flow: The allocation ratio is 30% $DOGS, 30% $CATI, 40% $SCR.
Ecological Positioning Flow: Focus on positioning coins within the public chain ecology; as long as the public chain ecology does not decline, the status of such positioning projects remains relatively stable. Currently locked on $LISTA.
The above is the current bottom-buying strategy, hoping to achieve higher returns in future market fluctuations.
Say #ONDO , if there are still partners who do not understand what they do, just remember one sentence: US Treasury bonds on the chain. Most top RWA projects are basically making US Treasury bond products, some of which have even increased by hundreds of times. Is there still room for growth? Negative: Under the background of interest rate cuts, the price of US Treasury bonds will decline, and the corresponding product yields will also decrease. The specific situation depends on whether policy changes after the election will re-increase inflation; FDV expectations may need to be adjusted overall. Positive: After all, RWA tokens themselves are assets in the cryptocurrency sector, and the overall increase follows Bitcoin. Ondo, as a leader, currently has a market value of 6B, with a large amount of unlocking demand to drive prices by the end of the year.
Most people are holding altcoins, Bitcoin is rising, altcoins are not following, Bitcoin is dropping, altcoins are crashing, Bitcoin is consolidating, only a small portion of altcoins that we do not have are surging. A few days ago, Bitcoin was over 73600, just about to reach a new high, but most of the brothers holding altcoins are still losing a lot, right? So what if Bitcoin reaches a new high? Sometimes, holding positions and making choices, one misstep leads to another, and slowly you will find it increasingly difficult to break even.
This is only talking about the friends holding spot positions; if you frequently trade contracts, I estimate the losses are even faster and greater. Therefore, in this bull market, you really cannot burn the midnight oil and seek for opportunities blindly; if you keep doing that, you might find that when Bitcoin really hits eighty thousand or a hundred thousand, your altcoin might need to increase tenfold for you to break even. So, if your altcoin surges, what does it matter? Whether you can break even is still uncertain.
This week, the purchasing power of #BTC ETF has performed quite strongly, with a total net inflow of 2.1724 billion USD and a net increase of 30,702.69 BTC. BlackRock continued to significantly increase its holdings this week, adding a total of 29,504.31 BTC, accounting for 81% of the total increase. 😊 . Despite a slight net outflow overall this Friday, market sentiment remains high, with the current greed index at 74 and the price around 69,000. As the election approaches, market volatility is expected to increase further. 🤔 .
At present, ETH is still fluctuating around 2100-2800. Only when it breaks through and stabilizes at 2800 can it represent the beginning of the market. The 2100 eql is waiting for plunder, but it is not clear whether it will be plundered, but you can't just wait for plunder foolishly. My view on ETH is that it is not a problem to buy a short position near 2400, and it will increase the position when it goes down to plunder 2100. If it breaks through and stabilizes at 2800, you can take a large position.
A-shares will open tomorrow. After the 7-day holiday, old and new stock investors have almost raised enough money. After the holiday, the domestic A-shares should continue to rise sharply. Therefore, for the cryptocurrency circle, if you haven't ambushed yet, you can make a layout first, especially if you don't know what stocks to buy, but don't want to miss this wave of speculation! I personally think CFX is a good layout target!
BTC pulled up sharply at a small level as expected. Here are some ideas: 1. This wave of 60-65 pull-ups is most likely just a pullback before the decline. I think the possibility of breaking through a local new high is relatively small. 2. An upward channel has formed at a small level, and the short-term market pull-up has accelerated. If you want to pull down to 65, you may have to step back in the short term, break the trend line at a small level to complete a wave of short-selling before pulling up again. 3. Pay attention to the possibility of a small-level pullback to 62400. 4. This wave is still around 65k
Some people say that when Bitcoin falls back to $10,000, I will sell my house to buy at the bottom. Bullshit, when Bitcoin was more than $5,000, none of the people around me who swore to buy at the bottom, why? Because it has fallen so much, there must be a reason, and this reason is recognized by the market, and you must recognize it, so the market is afraid, and you must be afraid too, it's that simple - you want it to return to that price when it is good, and under the premise that everyone is optimistic, you are the only one who bought at the bottom, isn't this a daydream?
The same is true for real estate now. Some people say that if you want to escape, you have to sell your house to others when a large number of favorable policies are issued. Who listened? You thought it made sense at that time, but when a large number of favorable policies were really issued, you were unwilling to sell, because when everyone started to be optimistic, you were the same. Don't think you are a smart person, you are just a fool - but the fact is that without the majority of people's optimism, who would you sell your house to? You want to sell your house to the sucker who wants to buy it at a high price when everyone is pessimistic, trampling on it, and looking for a buyer. Is this your ideal mental state? Oh, you are wrong. Even if it really comes to that time, you still won't sell it, because you will think "How can someone be so stupid? There must be a scam. I have gold in my field. I won't sell it anymore."
It is obvious that the country is saving it, but what about this kind of rescue? It can't change the overall situation. You have to understand that once the trend is formed, the policy will not work unless it falls to despair. The only role of the policy is to trap a group of people who wanted to get on the bus before but couldn't, and now can get on the bus but are actually not qualified to get on the bus. This group of people is the only hope of the previous group of mountaintop warriors.
1. Tiger Securities' financial report shows that its one-stop trading has supported 18 virtual asset transactions such as BTC and ETH.
2. ForexLive analysis: ForexLive analysts said that the US employment sub-index fell to a new low in nearly 4 years, which may lead to a sell-off of risky assets.
3. Fed rate cut expectations: CME "Fed Watch" shows that the probability of the Fed cutting interest rates by 25 basis points in September is 69%, and the probability of cutting interest rates by 50 basis points is 31%.
4. Vitalik's view: The bonded collaborative processor model will reshape computing in fields such as blockchain, AI and cryptography.
5. Bitcoin network computing power: The Bitcoin network computing power has reached 717 EH/s, and the latest data has reached 760 EH/s, which may set a record high.
Bitcoin dominance hits new high, will the altcoin season end before it even begins?
In normal market cycles, Bitcoin’s dominance exhibits a specific pattern: when the market remains influenced by sellers (when the market exhibits a bearish nature), Bitcoin’s dominance increases; When sellers start to challenge buyers in the market (when the market shows early signs of the beginning of a bullish nature), BTC dominance continues the same behavior; finally, when sellers take control of the market (when the market shows a bullish nature), Bitcoin dominance drops drastically. Is the current crypto market cycle following this traditional pattern?
The "tragic" bull market is coming! Layout the future market with major events as the core!
Recently, the digital currency market has once again shown its high volatility. After hitting a low point yesterday morning, Bitcoin quickly rebounded, with its price approaching the $59,500 mark, successfully returning to the trading intensive area of the past month. As of the time of writing this article, Bitcoin is quoted at $58,952, with an increase of 3.44% in the past 24 hours. BTC Trend Analysis
Yesterday, the 1-hour level fell again and then rebounded upward. It seems that it has not been completed yet. Pay attention to the pressure level near 60,000 above.
At the 4-hour level, after the decline on the 31st, the rebound did not continue to decline in volume, which makes the current market lose its effective interpretation. The main force will repeatedly wash the market and will not pull it up all at once, and the liquidity crisis has always existed.
During the decline, 6 cryptocurrencies priced below $1 that are bound to soar 100 times!
Cryptocurrency markets fell over the weekend following the arrest of Telegram founder Pavel Durov, but Thursday’s news of Durov’s release injected much-needed positivity into the market. Last week’s market turmoil opened a window for smart investors to update their portfolios with viable tokens. For traders seeking to capitalize on the current market sentiment, the cryptocurrency space offers several coins that have such potential. Nonetheless, finding the best altcoins to invest in today requires time and effort. Therefore, this article helps investors by providing a selection of coins that are worth considering.
BTC hovers at $58,000, but whale activity hints at imminent market rebound!
Bitcoin prices fell 10.82% last week, breaking the rebound momentum of the previous week, and fell another 2.81% this week, falling below the $58,000 mark, ending the year in a dismal manner. Crypto markets see $138 million in long position liquidations amid increased sell-off. As supply inflows intensify, will the $57,000 support break under pressure? Seller introduction Besides retailers and short-term holders (the weak side), there are strong selling forces in the cryptocurrency market. Among the biggest sellers, the US government and MtGox exchange topped the list.