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BTC rises to 76000, ETH surges to 2800, and SOL also flourishes at 191. With the strong performance of ETH network, meme leading NEIRO is the first To The Moon, while stake leading LDO pumps up a 40% candlestick. And other ecosystems like ENA are also strong To The Moon. Once the market comes, hold onto your chips and don't get whipsawed out of positions. From a trading perspective, short-term speculation and capital flow are the core indicators. The "Trump Trade" is only about trading sentiment. If capital inflows cannot keep up, it will still be difficult to significantly boost the market. Trump was elected yesterday, but the willingness of AltCoins to follow the rise is not strong, indicating that the funds are still insufficient, and the sustainability of the market still needs to be observed.
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Based on the current market data, after a morning increase, the short-term trend has entered a correction phase. The long positions trend remains unchanged. The short and medium-term expectations remain bullish. The daily chart has experienced periodic adjustments and entered a consecutive bullish pattern. The large bullish candlestick is quite strong and the structure is clear. It is a process of consolidation and correction. The next step depends on the strength and timing of the second upward movement. The short-term is constructing a correction step.
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In terms of the overall structure, there is no pressure above BTC, and the Turnover Rate and entry rate are still very high. Any selling pressure is immediately absorbed. I have been waiting for a pullback buying point, but it hasn't come. Now the FOMO sentiment is driving the pump, it's too crazy. It's very easy to enter the peak now, and the Whipsaw intensity will be very strong in the current market. Unless the pump starts in the car, short-term is not suitable for the current market. Let's ambush together for Spot to make up for the decline later. What else is worth looking forward to after the election? Let's follow Yibo's live channel, and chat together!