1. Macro Fundamentals Analysis
It is currently the final week of the US presidential election, and the financial markets are showing a peculiar trend.
The market is generally betting that Trump can win, and this expectation has triggered a chain reaction in various financial fields. U.S. Treasury bonds have been sold off on a massive scale, the largest since the beginning of the 21st century.
At the same time, market participants went long on gold and BTC.
Even Paul Tudor Jones, the founder of the Tudor Fund and a legendary billionaire investor, has made it clear that he is shorting U.S. Treasuries and going long on gold and BTC.
The last time there was such a large-scale sell-off of U.S. Treasuries was in 1995.
2. BTC price trend and contract risks
BTC price is currently trading above the uptrend 5-day EMA, which suggests an uptrend in the short-term.
However, in this case, special attention should be paid to the Heyue transaction.
If prices surge today, investors should be wary of adjustment risks. After all, during periods of high market volatility, rapid price increases may trigger profit-taking, leading to price corrections.
3. Operation suggestions for ETH and SOL
ETH: ETH is currently in the bottom area, and the cumulative increase from the bottom is less than 10%.
For mid-term investors, this is a relatively safe time, and you can consider making low-multiple trend orders, which have relatively low risks. It is worth noting that yesterday ETH has shown obvious signs of longs making up for the rise and strengthening. Therefore, you can consider entering low-multiple long orders when the big cake rises and falls.
SOL: SOL's trend is ahead of BTC, and its 5-day line shows a steep upward trend. This shows that SOL has a strong upward momentum in the short term. However, it is also necessary to pay attention to the risk of adjustment that may occur during the price surge.
In the current market environment, there are some common operating principles for investors.
After buying, if the increase is small, there is no need to rush to operate;
There is no need to panic when the decline is small. Online trading does not require daily operations, but Heyue trading is different, and the daily trading volume is often larger.
In addition, many altcoins are currently trading at weekly bottoms, and bulls can hold on to their coins and wait for a rally.
It should be noted that although the current market has been rising continuously, it only underwent a one-day correction yesterday. Before the election is over, the market is unlikely to fall sharply. Instead, a correction may be a good opportunity to go long. It is expected that there will be no major adjustments before the election is over.