The sharp drop has only just begun; hold your positions for a few days and wait for the Democrats to put on a show! 11.6 BTC and ETH outlook

After the Democrats won the midterm elections, U.S. stocks surged on Wednesday, but the Nasdaq Composite plunged on Thursday as investors pulled out of tech stocks for a second consecutive trading day. The tech-heavy Nasdaq fell 3.3%, while the S&P 500 dropped 1.9%. The Dow Jones Industrial Average fell 0.9%. Investors worry that the Democrats’ control of both chambers of Congress, along with their wins in key gubernatorial races, could lead to more regulation of AI infrastructure development across the U.S. As investors digest the election results and their potential policy implications, markets may face further volatility.

After rebounding, crypto prices have finally been dragged down too, once again validating the shorting strategy I laid out. This is just the beginning; the Democrats will make further moves. Stay tuned! For today, stick with the strategy of shorting rebounds! Those already in should keep a profit-protecting stop in place and move it up gradually; if you haven’t entered yet, keep waiting to short a rebound!

11.6 short setup:

Short BTC on a rebound to 78500–79000; conservative traders can enter at 79500–80k, with a stop around 81500. Targets: 77500–77000–76500; if it breaks through, look toward 76000–75500–75000. If it keeps breaking lower, move the stop to protect profits as appropriate!

Short ETH on a rebound to 2330–2360; conservative traders can enter at 2400–2430, with a stop around 2480. Targets: 2300–2270–2250; if it breaks through, look toward 2230–2200–2170–2150. If it keeps breaking lower, move the stop to protect profits as appropriate!

Trump is the key to a strong rebound in crypto prices. Don’t fantasize about prices returning to 120k; a short-term rebound is a great opportunity to short. Get in and wait for a big payday! #民主党赢得美国两院