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Bitcoin reached 76000, ETH surged to 2800, and SOL also reached 191, a scene of prosperity. With the strong performance of the ETH network, MEME leading NEIRO was the first to To The Moon, and stake leading LDO also pumped up a 40% candle. The ecosystem such as ENA is also strong To The Moon. Once the market comes, you have to 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' only affects trading sentiment. If capital inflows cannot keep up, it is still difficult to significantly boost the market. Trump was elected yesterday, but there is not much willingness for AltCoins to follow the rise, indicating that the funds are still insufficient. The sustainability of the market needs to be observed.
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According to the current market data, after a morning rise, the short-term market has entered a correction phase again. The trend of long positions remains unchanged. The short-to-medium-term expectation of a bullish outlook remains unchanged. The daily chart has once again entered a rising trend after experiencing periodic adjustments. The large positive candlestick is quite full, but the structure is clear. It is a basic technical process of consolidation and correction. The next step depends on the strength and timing of the second push higher. The small time frame is constructing a correction step.
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From a macro perspective, there is no pressure above BTC. The Turnover Rate and entry rate are still high. Any selling pressure is immediately absorbed, and the anticipated buying point has not yet arrived. Currently, the FOMO sentiment is driving the pump, it's too crazy. It's very easy to enter at the top now, and the intensity of the Whipsaw in the current market will also be very strong, unless the pump is already on board. Short-term trading is not very suitable for the current market. Let's wait for the spot to sweep the market and then lying in ambush together. After the election, what else is worth looking forward to? Let's follow Yi Bo's coin in the live channel and chat together!