Two days before the election, the US stock market is closed on the weekend, so the market has a smaller Fluctuation. Currently, everyone is waiting for the US election, the presidential election will inevitably intensify the market's dramatic Fluctuation, whoever becomes the president will face the decline of the US economy, banking crisis, trade deficit, US debt crisis, and the process of announcing the results of the first stage of the election on November 5th will affect market sentiment, which will have a short-term impact on prices but not a significant long-term impact. The pump logic of BTC is not based on the US Federal Reserve policy and who the US president is, but on the global Crisis of Confidence in the US dollar! ​​​


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Yesterday, after BTC hit the low point of this adjustment in the morning, it experienced a small Rebound, but the strength was relatively weak. Other varieties continued to decline slightly after the morning Rebound, but we can clearly see that the downward momentum is gradually weakening. The current trend is judged to be the first stage of a daily candlestick-level decline, and the downward momentum is gradually weakening. From the weekly chart perspective, after the previous strong rise, the currency price experienced a partial pullback, but with limited strength. After the repair, it rebounded again, and the weekly chart ended with a bullish k-line. The current trend is in the adjustment stage of long positions, and the pullback is just a better preparation for the extension of long positions in the future. In addition, with next week's election, if there is favorable information in the crypto world, the price is expected to rise above 80,000, and I am more optimistic about the pump action of long positions next week. It is important to focus on the news of the election. Today, it is expected to continue the Rebound trend that emerged last night, and it is not advisable to layout shorts in the short term!
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In terms of AltCoinzone, SOL has also been messing around on the platform for 8 months, and overall it is very strong. The RAY in the ecosystem zone has been continuously testing new highs recently, and it is only a matter of time before it breaks new highs. As for the hottest MEME coins at the moment, these belong to the world of ultra-short-term experts. The MEME they dig out day and night is not something that everyone can do. Don't itch to get rich like others, that's a one in a million existence. Myths require good timing, not just hard work. This round of relative strength is RWAzone! Whether it's old DeFi in new clothes or new RWA track coins, they all show relative strength in market data. At least everyone is oscillating in the same zone, instead of continuing to hit new lows like most small coins. This is a zone where funds are involved, and it is worth laying out. AI will also be a zone of continuous speculation in the future, because as AI continues to evolve and strengthen, the topic of speculation will continue to exist. However, AI tokens still belong to speculative products at the moment, and it is difficult to land. You need a strong sense of rhythm to make money from it.
BTC-0.33%
SOL-0.63%
RAY1.11%
MEME-1.59%
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