From the weekly level, although Bitcoin has risen and fallen in the short term, the K-line is still above all moving averages, showing a bullish trend. There is short-term moving average support below, so the room for a correction is limited. It may pull back to around 68,000 at most. After taking the opportunity to wash the market and adjust and accumulate momentum, it will hit the historical high of 74,000 again, and it is likely to set a new high. Money can't buy a bull back, so cherish the opportunity to buy low.
There was a sudden sharp drop, and many retail investors were trapped or had their positions liquidated, and had been washed out.
The election will be held on November 5th. Bitcoin will rise every time there is an election.
The interest rate cut on November 6 boosted the rise of Bitcoin prices
On December 17, the interest rate was cut again, which once again drove up the price of Bitcoin and stimulated the 85,000
You've all heard of this story, right?
The wolf is coming
The wolf is coming
The wolf is coming
The wolf didn't come for such a long time, but one day, it really came and it was too late to react.
This is what a bull market is like. The story of the boy who cried wolf is repeated every day.
This is the last wash and accumulation before the election
Next Monday, I will lead fans to plan for explosive potential coins. It is very easy to double the amount.
At the same time, I am also looking for meme coins on the Solana chain. By the end of the bull market next year, it will be no problem to make 30 times the profit.
Shanchuan recommends the recent rising fortune coins:
» Pyth Network（￥PYTH）
Market value: $1.312 billion
24-hour volume: $142 million
The oracle on SOL, SOL is strong, and its ecology will not be bad either.
The price of PYTH coin is low now, but there are sufficient chips below and the trading data is stable.
In the short term, the pressure level of 0.3 has been broken. If it can hold firm, the pressure level of 0.4 will not be far away. I think it is time to make some arrangements now that it has pulled back.
» Dogecoin（￥DOGE）
Market value: $22.692 billion
24-hour trading volume: $2.342 billion
Musk posted a message and Trump mentioned it during his campaign
The reason why the first meme coin in history, DOGE, has added political color is inseparable from Musk's support for Trump.
Musk tweeted on August 20 that he wanted to create a "Department of Government Efficiency", abbreviated as D.O.G.E., and the naming concept was suggested to Musk by the DOGE community.
Trump also responded that if elected, he would establish the department, conduct a comprehensive financial audit of the government, and propose measures to reduce waste.
Therefore, the price performance of DOGE has also begun to be linked to the presidential election. This kind of election coin, short-term opportunities must not be missed.
» Solana（￥SUN）
Market value: $78.144 billion
24-hour trading volume: $2.814 billion
What a golden opportunity! A golden pullback in SOL. There is still such an opportunity before the election. You really need to get on board quickly!
The on-chain data shows that BTC is about to skyrocket, so I won’t say more about the interest rate cut election!
It has been soaring since the second half of last year, increasing more than 20 times, with a strong momentum.
It is in fierce competition with Ethereum and has the support of U.S. capital. It is only a matter of time before it breaks new highs.
I even think that this bull market can reach 500, and the next bull market may break 1,000. We can treat it like Ethereum in 2019.
» Stacks（￥STX）
Market value: $2.372 billion
24-hour trading volume: $79.823 million
The super old Bitcoin L2 is the only Bitcoin L2 in the top 200.
Even when the Bitcoin ecosystem is not good, it still has a high market value, rising from 0.27 to 3.7, exceeding the 21-year high. There is no pressure to unlock. The project party has insisted on doing practical things for 10 years, and the Bitcoin ecosystem is expected to prosper.
