The market is expected to fluctuate upward, and Bitcoin remains strong. After touching the high of 69,000 in the early morning, it fell back and entered the consolidation stage.
Today is Saturday. Generally, the fluctuation will not be large. Excluding the impact of news, BTC's weekend fluctuation range is between 69,000 and 67,000. The operation should be mainly stable. After all, there will be no large funds entering the market on weekends.
Bitcoin broke through a new high again last night. Did the assets in your account increase? Bitcoin has already risen last night. It is the weekend, and the market is expected to start a small-scale sideways correction at a high level. If there is no market, take a good rest!
The big cake I mentioned is 6w6, 6w7, 6w8, 6w9, the pattern of going up a level every day is still continuing, which shows that the bullish sentiment of the entire market is very high, everyone's psychological expectations are getting higher and higher, and many people are optimistic that this wave will rush to 7w in one breath, and then decide whether to ship or reduce positions.
As of now, the market price is around 68400 for the big cake and around 2640 for the second cake, which is a period of retreat after the high.
The intraday market continues to fluctuate upward. In the current market, the higher the price goes, the greater the pressure will be. However, the pressure range is being tested step by step. It touched 69,000 last night. The next big pressure test will be 70,000. I firmly believe that it will break a new high.
The most direct driving force behind this wave of growth is the continued surge in Trump's chances of winning.
The winning rate was widened again, and the win-loss ratio came to 61:39. In addition, Musk's full support for Trump made Harris's side very passive. Foreign media statistics show that the number of viewers of Harris's rally was 120,000, and the number of viewers of Trump-Musk's rally exceeded 6.6 million, a difference of 50 times. In addition, the photo of Musk wearing a golden maga hat also became a hot search in the United States. From the current sensory perspective, if there is no shady operation in the vote counting, Trump is not sure, but he still has a 78% chance of winning.
Therefore, at this time, all the funds that are still watching the uncertainty of the election should begin to rush into the market. This should be the main reason why BlackRock earned 1 billion in three days. The good news for Bitcoin has not even been reflected in the price. Starting from November 5, the speed of capital entering the market may be even faster. I have a hunch that Bitcoin will hit 100,000 before the end of the year.
Bitcoin suddenly rose, but many altcoins fell instead, and some altcoins did not follow the rise. Why is this?
In the cryptocurrency circle, you must know that the total amount of liquidity is limited. Once the price of Bitcoin rises at a key position, capital flows will converge on it, and altcoins will naturally encounter a situation of capital "sucking blood". When Bitcoin enters a sideways phase, some altcoins will have the opportunity to start the market.
Every increase in BTC now comes at the expense of altcoins, which shows that there is not much real remaining liquidity in the market. The two big brothers of altcoins, ETH and SOL, have also become decadent and do not follow BTC’s breakthrough at all. Once BTC stops rising, they immediately change their faces.
Currently, except for MEME, AI and Inscription, which are slightly stronger, other copycats are at the bottom. However, Bitcoin is not satisfied with this. In recent days, it has begun to kill Inscription, meme and AI. Only Lao Ma’s dog is still on the rise.
Only when all the copycats are driven into the basement and all the profiteers are trapped, will the big funds feel free to let Bitcoin rush to 70,000. You see, usually when Bitcoin rises by 1%, ORDI will immediately follow suit and rise by 3%. Now they dare not follow, right? As soon as they follow, it will start to fall. In this way, Inscription is controlled tightly and has become obedient.
Especially the entire Ethereum ecosystem, now everyone is scolding Ethereum and saying that Ethereum is garbage.
Regardless of whether they understand this industry or not, everyone is complaining about Ethereum. The more they do this, the more relieved I feel.
Because this ecosystem, which everyone is not optimistic about, has been working hard and focusing on research and development, the entire Ethereum ecosystem is quietly building the underlying infrastructure.
After a latent dragon is not used, it will surely rise into the sky as a flying dragon. This is the law of nature.
All the good things that we see now also started out bad, and slowly grew into towering trees through the process of questioning and doubt.
But when he grows into a towering tree, he has nothing to do with you anymore, because you can no longer reach him.
There are only two types of people who keep complaining about Ethereum and Ethereum-related valuable currencies:
Either they don’t understand the blockchain industry, don’t understand what Ethereum is all about, and don’t see the future of blockchain and the value of Ethereum.
Either they don't understand investment, and they buy and sell based on their mood and feelings, and judge the future value based on the current price trend. Such people only know how to chase rising prices and sell when prices fall.
Every currency you buy and every decision you make are the result of your own cognition.
If you lose money, it must be because you don’t understand the coin, don’t understand the market trend, and bought at a high price.
If you lose patience after buying and can't help but complain when you make a small loss, it must be because you don't know enough about the company behind the currency and have no confidence in the future.
If you are familiar with the market, know what the current market trend means, and know what the main players have been doing in the past six months, you will not worry unnecessarily.
Next, let’s talk about when this round of copycat season will arrive.
First of all, the answer is that the copycat season will not come in the short term. The current daily fluctuation of 10% is nothing compared to the crazy bull copycat season.
Why won’t it come? Because in the bull market, Bitcoin is in the main uptrend, and Bitcoin is a blood-sucking market. Let’s look at the previous two bull markets.
All the funds went to Bitcoin to pull up the market. When the main uptrend ends, Bitcoin's dominance will fall rapidly, and that's when the overflow funds will go to the altcoins to push up the market.
There are two strategies for participation. One is to follow the market capital rotation, play Bitcoin first, and then play Shanzhai. The other is to stock up on high-quality Shanzhai now. If you can bear the loneliness, the increase will be much higher than Bitcoin. The disadvantage is that the process is painful and there is no optimal use of funds. The advantage is that you don’t have to worry about building a position at a relatively low position.
