Brothers, this wave of Bitcoin is really exciting! After 8 months of roller coaster ride, it almost hit a record high last week, but then something unexpected happened - the shadow of the US election.
The Trump factor: Is it real or fake this time?
The market was initially excited mainly because of the "Trump concept". But as the election day approaches, the story begins to become a little shaky. Now Trump's odds of winning have dropped from 64.9% to 56%, which has made many people nervous.
Options Market: What are the experts planning?
Interestingly, the big players in the options market have been particularly calm recently, with volatility being ridiculously low. But don't be fooled by this apparent calmness - it may be the calm before the storm. It is said that from November 5th to 8th, the market may stage a "roller coaster" drama. If the market is still calm by then, it may mean a bigger problem: everyone is holding back on big moves.
Altcoins: Is it really over this time?
Altcoins have had a hard time lately! Bitcoin is the only dominant player, accounting for more than 60% of the market cap, a record high. Every time the big brother (Bitcoin) sneezes, the little brothers (altcoins) catch a cold. Ethereum is down 12% from its high, and has fallen 40% since the ETF wave. SOL is not much better, also down 12%.
The crazy mentality of "all-in altcoins will make you rich" has disappeared. Now funds have become very rational and are all heading for Bitcoin. In the short term, if there is no major positive news, it will be difficult for altcoins to turn around.
Future Outlook: Prepare the melon seeds and benches
Although Bitcoin has recently pulled back, its resilience since rebounding from its lows in September is still impressive. The market will definitely be lively in the coming week. Whether you are surfing or watching the show, it is recommended to prepare melon seeds and benches, because this show will definitely be exciting.
Some questions to think about:
1. Do you think Trump can really drive up the price of Bitcoin?
2. Why did altcoins perform so poorly this time? Is it a problem of market confidence or funding?
3. If the election results are unexpected, in which direction will Bitcoin break out?
