Bitcoin was very weak over the recently ended weekend, plunging to a low of $67,450 late last night, marking the lowest in nearly 7 days. The reasons for the decline include the inability of last week's top seven U.S. stocks' earnings reports to gain investor support, and the choice to exit before the election to avoid potential volatility, which may also be one of the main reasons for the market decline.
As the market reaches this point, the nature of "early bull" has already manifested, with Bitcoin's market cap ratio continuing to hit new highs, and the next steps will follow the usual script!
Early bull (Bitcoin continues to create high market cap ratios, altcoins are being drained and depressed)
Middle bull (Bitcoin's market cap declines, Ethereum gradually recovers to take over with rising market cap ratio)
Bear market end (Bitcoin's market cap continues to decline, funds flow into altcoins, leading to explosive growth in altcoins)
Bearish turn (the continuous surge causes market FOMO, trapping retail investors who bought at the peak, ending the bull market cycle)
The structure of this round of Bitcoin market is clear.
Whether Trump or Harris is elected, it will not disrupt the market structure.
Market makers are responsible for the market trends, maximizing their own interests, not for Trump or Harris. Therefore, after the election results come out at noon on the 6th, market fluctuations may be much lower than most people's expectations. This has been verified countless times, such as on the night of rate cuts, or when Trump attended the Bitcoin conference, etc.
Retail investors' fantasies are:
Harris elected, Bitcoin plummets 50%
Trump elected, Bitcoin surges by 100k
The most likely scenario is that after the election results come out, there will be a spike up/down. Then the market will continue as it would have. The structure of the Bitcoin market has undergone a complete series of actions over the past six months, including downward trends, consolidation, forced buying, and accumulation, and will not be disrupted by a single event.
The U.S. election benefits the market makers by utilizing both sides, increasing volatility, and creating market divergence, providing stories to tell. The U.S. election is the most favorable tool for market makers to tell stories after ETFs.
The top 8 altcoins are the most likely to explode 20-50 times!
TON, this project is personally crafted by Pavel Durov, the founder of Telegram, with a massive user base and a bright future.
SUI public chain, as the dark horse of this market wave, has rebounded rapidly, showing very strong price performance and is worth watching.
PEPE, when it comes to shitcoins, it is a leader, setting the trend for shitcoins.
WLD, in the AI field, this project is a leader, backed by big names from Wall Street, with a promising future.
TIA, as a leader in modularity, its fundamentals are solid as a rock and trustworthy.
SOL, in the public chain ecosystem, its position is second only to ETH, and large funds have already set their sights on it, laying out SOL like they would with ETH, with the potential for a 10-fold increase by the end of the bull market.
ORDI, as the leader of the inscription sector, now is a perfect opportunity to buy the dip, do not miss it.
ONDO, this project has attracted investments from big names like Coinbase, Wall Street, and BlackRock, making it a star project in the RWA field with a promising future.
