Written before Trump is re-elected as President of the United States:
He has already secured 2 states at the start, with two others in the lead! Trump's momentum is strong! Hopefully, we'll have results today; the market in this environment is too disgusting, and the focus now is on the 6 swing states! Green marked in the picture; currently, Harris is leading in Pennsylvania and Michigan, while Trump is leading in North Carolina and Georgia!
People in the crypto circle should all support Trump, right? No one would go against their own positions; the market represents everything. Although I think that no matter who is elected, it won't stop the trend of BTC, Trump's election will undoubtedly accelerate this process. Let's go!
Currently, Trump is leading in the election; more aggressive funds have already stepped back, bringing BTC back to the mid-price level of 71000. The white lines are minor support and resistance levels that can be ignored; I'm too lazy to delete them, so just make do with it. Future market movements will depend on the final results of the elections and the different interest rate strategies resulting from different election outcomes. The information density will be very high in the next few days; those with low risk tolerance can exit, while those with high tolerance should always pay attention and take corresponding profit-taking and stop-loss measures.
Lastly, I want to mention something that is very crucial for us: besides the U.S. election on November 5, there is also the Federal Reserve interest rate decision on November 7-8. Looking forward to taking off again; the main rising wave of the bull market is coming soon.
1. Contract
We might see results as early as after the 6th, so from a trading perspective, contracts must have stop-losses in these days. Increased volatility will bring opportunities, but we must also be vigilant to the dangers.
2. Spot Market
Implement stop-loss based on cost. Do not let emotions affect subjective judgment; it is incorrect to subjectively determine that if Trump wins, there will definitely be a grand main rising wave immediately. If the market falls, it is wrong to resist. You need to see where your cost line is to decide whether to hold or release your position. You must be able to accept some losses, but do not hold on stubbornly.
3. Altcoins
It is recommended to build positions in two phases. The first phase is to buy the altcoins you have confidently selected on the left side; the second phase is to buy the altcoins that emerge after the big coin stabilizes above the previous high on the right side.
4. Bitcoin
Spot trading should be based on your own holding cost, but it is judged that now is not the bull market peak. Our trading decisions for Bitcoin are simply aimed at reducing our holding costs through operational methods to gain more BTC, which should depend on one's own capabilities.
5. Golden Pit
If a golden pit can be formed, I believe it is the best time to get in before the main rising wave, as getting in will lead to a surge. From the experience of holding positions, it will be very good, but please carefully distinguish whether the bottom of the pit is V-shaped; I personally think it should be W-shaped to be called a golden pit.
The current total market value of the crypto industry is about 2.5 trillion dollars; the period of explosive and wild growth has passed, and we will not see another 'chicken and dog rising to the sky' universal rise. However, the ecological explosion period has not yet come, as there have not been many large-scale ecological landing projects. This means that from the perspective of retail investors, future thinking should shift from simply holding altcoins and waiting for opportunities to actively seeking projects that may have ecological explosions. Missing the right timing will lead to more severe losses in the future. Besides BTC and a few high market cap leading projects, there are several strategic options.
The market cap must be small, preferably under 100 million dollars (even better if under 10 million dollars, ideally with no major institutional investment in the early stages); a small market cap has the great benefit that a favorable news can easily lead to a tenfold increase.
The official continues to work, state media continues to update, and code continues to optimize, etc. (providing the possibility of ecological explosion);
It is best to have a concept, as you never know when the wind might blow in.
It is best to still be in the primary market and not yet listed on major exchanges.
Do not over-invest, do not over-invest, do not over-invest;
It is not easy to get rich in this industry anymore, but the opportunities are still much greater than in other markets. For large funds, hold onto BTC, while other funds diversify to find opportunities; the rest is just waiting. Learning to wait puts you ahead of more than 95% of people.
If you want to layout together and harvest from the institutions, you can come find me! Here we analyze market strategies every day, recommend quality individual coins, and also provide recommendations on favorable news for coins, preemptively positioning ourselves. Additionally, we periodically give live market analysis sessions for students! If you have questions, you can also directly consult me for the best answers!
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