Bitcoin suddenly jumped to a high of 67,000 in the middle of the night, rising nearly 5% in 24 hours. Even Ethereum, which is about to launch an ETF, is overshadowed by its popularity!

Fans have been asking about the reasons behind this. After careful analysis, I found that there seems to be no ripples at the macro level, and the cryptocurrency circle is also particularly quiet. So, what is the secret of this surge in Bitcoin? I speculate that perhaps it is the ripple effect of the rumor that Biden will withdraw from the election, which has once again raised the fantasy of Trump's comeback. In addition, Trump is about to attend the Bitcoin Conference, which undoubtedly injected a shot of adrenaline into the market sentiment, proving that emotions are still the invisible driving force of the market!

From the data on the market, today's market performance is no different from the past. Early investors hold their coins steadily and no large-scale withdrawal is seen. The selling pressure mainly comes from recent profit-taking, and Bitcoin has shown strong support in the range of 64,000 to 69,000 US dollars, and the overall market remains stable.

As I often say, without solid good or bad news, the market is like a wild horse running away, and wide fluctuations become the norm. Bitcoin, this wild horse that makes people love and hate, has once again proved its unparalleled charm and excitement!

For next week, as the good news gradually materializes, how will the market perform? Follow Brother Fan, and get the latest market interpretation, precise strategies and risk control suggestions every day to help you grasp the pulse of the market. For details, please see the homepage introduction.