As the US election results on November 5th approach, with Trump and Harris as the main candidates, different outcomes will lead to different trends in the crypto world. If Trump is elected, there may be a pump in the crypto world, especially for Dogecoin. This is driven by Musk's support for Trump, as well as the efficiency, security, and decentralization features of Dogecoin, which may give it more opportunities under Trump's administration. If Harris is elected, the market may experience a significant pullback. However, in any case, it is necessary to be prepared and not to take a heavy position!
💎 💎 The market situation in the crypto world this week and during the election week is crucial. The news is mixed, with conflicts in Iran, the US selling to Taiwan, and Europe, America, and Australia all passing joint defense agreements with Taiwan. Whales and institutional capital may have noticed the risks. Currently, the bearish force is weak, but only BTC and SOL are rising, while other coins remain stagnant. However, safe-haven funds have reached new highs. The sentiment indicator also shows a risk zone. If BTC experiences a pullback now, altcoins may have a similar situation as the Fall Below Initial Coin Offering Price last time, which is clearly not right. Only capital enters while retail investors stay out, so this pump may not last long. At this time, altcoins can only wait for mainstream coins to retrace before initiating a volatile market and continue to pump. Otherwise, it will be a preparation for dumping. Before a formal breakthrough, refer to the oscillation strategy. 💎 💎 In the Altcoin consolidation zone, we also need to make lying in ambush layout in advance, focusing on following MEME zone. First, there was speculation on various animals, frogs, hippos, BOME, etc., and then there was speculation on large cap PEOPLE, and now it's the turn of AI+MEME. It is highly probable that MEME will run through the entire cycle. Other alts, the smarter ones, are starting to transform into MEME launch platforms. For example, APE is following the SUI and APT route, driving up the coin price. There are also DYDX and BAKE, which will all follow with a wave of dividends later on. Now, what you need to do is either follow, switch to slightly more stable large Market Cap MEME, or blue-chip DEX types, or forms that have the opportunity to rise in the short term. Sum up the news aspect, if you really don't want to change or move, then follow the new high of BTC, and the rest will perform. Apart from MEME, the trend of public chains is also good, and SOL and its ecosystem are absolutely leading here. It is also one of the few projects that can pump with BTC. The trends of TIA, ICP, TRON, and ADA are also okay. Most other altcoins are basically in a downtrend. In short, the market is not yet fully bullish on altcoins. I still believe that there will be a big wave in Q4, so let's all hold coins and wait together.
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Well,You_reRight
· 2024-10-29 00:49
Hello everyone,
BTC finally broke through 70000. Will it continue to rise next? Data analysis:
From the current liquidation map, it is not difficult to see that bearish traders with 100 times leverage have been almost liquidated. Currently, the market is also about to enter a small Sideways wave, waiting for the increase in chips of bearish traders. From the current data, bullish traders need to pay close attention to the market trend, because there are too many chips with 100 times high leverage for bullish traders at present. Once they get dumped, it will be very brutal. I also know that the current market trend is very strong, but we still need to be cautious and steady. Daily analysis:
Just now, the market finally broke through 70000, which was last seen on July 29. From the current market trend, it is not difficult to see that the market is about to enter a Sideways wave. In the short term, the overall market will move in the range of 69000-70500, ETH will move in the range of 2520-2620, and SOL will move in the range of 175-183.
I still maintain the bullish trend view, of course, if the market can stabilize at 69000, then there is still a chance for the market to reach 72000 next. Now we just need to patiently wait for the market to Sideways.
As the US election results on November 5th approach, with Trump and Harris as the main candidates, different outcomes will lead to different trends in the crypto world. If Trump is elected, there may be a pump in the crypto world, especially for Dogecoin. This is driven by Musk's support for Trump, as well as the efficiency, security, and decentralization features of Dogecoin, which may give it more opportunities under Trump's administration. If Harris is elected, the market may experience a significant pullback. However, in any case, it is necessary to be prepared and not to take a heavy position!
💎
💎
The market situation in the crypto world this week and during the election week is crucial. The news is mixed, with conflicts in Iran, the US selling to Taiwan, and Europe, America, and Australia all passing joint defense agreements with Taiwan. Whales and institutional capital may have noticed the risks. Currently, the bearish force is weak, but only BTC and SOL are rising, while other coins remain stagnant. However, safe-haven funds have reached new highs. The sentiment indicator also shows a risk zone. If BTC experiences a pullback now, altcoins may have a similar situation as the Fall Below Initial Coin Offering Price last time, which is clearly not right. Only capital enters while retail investors stay out, so this pump may not last long. At this time, altcoins can only wait for mainstream coins to retrace before initiating a volatile market and continue to pump. Otherwise, it will be a preparation for dumping. Before a formal breakthrough, refer to the oscillation strategy.
💎
💎
In the Altcoin consolidation zone, we also need to make lying in ambush layout in advance, focusing on following MEME zone. First, there was speculation on various animals, frogs, hippos, BOME, etc., and then there was speculation on large cap PEOPLE, and now it's the turn of AI+MEME. It is highly probable that MEME will run through the entire cycle. Other alts, the smarter ones, are starting to transform into MEME launch platforms. For example, APE is following the SUI and APT route, driving up the coin price. There are also DYDX and BAKE, which will all follow with a wave of dividends later on. Now, what you need to do is either follow, switch to slightly more stable large Market Cap MEME, or blue-chip DEX types, or forms that have the opportunity to rise in the short term. Sum up the news aspect, if you really don't want to change or move, then follow the new high of BTC, and the rest will perform. Apart from MEME, the trend of public chains is also good, and SOL and its ecosystem are absolutely leading here. It is also one of the few projects that can pump with BTC. The trends of TIA, ICP, TRON, and ADA are also okay. Most other altcoins are basically in a downtrend. In short, the market is not yet fully bullish on altcoins. I still believe that there will be a big wave in Q4, so let's all hold coins and wait together.