Good morning ☀️ Hardcore fan check-in 👍 Like and get rich 🍗🍗🌹🌹
💎 💎 Overnight, the three major US stock indices experienced mixed changes, with the Dow Jones Index falling slightly, while the Nasdaq and S&P 500 Index rose, with the Nasdaq Index hitting a new historical high! BTC tested a high of $73,650, just a step away from the previous high, while ETH tested a high of $2,681. With only 7 days left until the US election, as Trump's support rate rises, BTC has also forcefully broken through the $73,000 mark. Trump has been showing favor to the cryptocurrency industry, positioning himself as a cryptocurrency-friendly candidate. Therefore, as his support rate rises, it acts as a catalyst for the pump in cryptocurrency prices. On the other hand, in the past two weeks, approximately $3.8 billion has flowed into Spot BTC ETF, a figure unseen since March. On October 29 alone, over $479 million flowed into these investment products. The rising trend in Spot BTC ETF flow over the past 15 days indicates a significant increase in demand, which is also the main reason for the recent pump in BTC prices! 💎 💎 The recent market trend can be described as chaotic, but it is precisely during this chaotic period that people can be trapped. The market is experiencing a big pump under the influence of news, and many long-term dormant coins suddenly rise with significant gaps. For some AltCoins with excessive gains, it is necessary to take profit in batches or withdraw the principal. Yibo reminds that coins lying in ambush during a significant market pullback have already doubled at this moment when others cut loss. Many AltCoins are suitable for swing trading. There are still opportunities to lie in ambush and take profit again at this moment, such as DOGE, SHIB, SOL, SUI, etc. In the encryption market, if you fail to lie in ambush at a low point and don't know when to take profit due to greed, then you are just playing a numbers game. Only by pocketing the profits can you truly win. What is belief? Achieving financial freedom is the true belief. 💎 💎 BTC has been on a strong pumping trend since testing the 65000 level on the 24th and 26th, without a decent pullback. It's showing a tough trend and is about to break the historical high. It briefly pulled back to $73650 in the early morning to gather strength, and there should be no problem setting a new high today. Currently, the market data is showing a rising pattern, with small adjustments after each rise. We can take advantage of each pullback to enter the market. The pullback is an opportunity to go long. Currently, the strength of the rebound is gradually greater than the decline, and in a strong market, the smaller the retracement, the greater the opportunity for a rise. 💎 💎 Ethereum peaked at $2681 in the highest test, judging from the short-term rhythm, the operating channel is opening downward to release space, the price has found support after probing lower, signs of recovery have emerged, the volume of short positions has decreased and arranged, the moving average consistently released downward has turned upward, and the current warming up has begun. On the four-hour level line, the price did not rise immediately and then fell, currently probing the lower support level, the operating channel is narrowing again, the volume of both long and short positions is converting frequently, the oscillation is once again reduced, the small cycle remains unchanged, the short-term oscillation is low and recovered, the downward trend is not sustained, and our next strategy is mainly to go long on the downside.
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Good morning ☀️ Hardcore fan check-in 👍 Like and get rich 🍗🍗🌹🌹
💎
💎
Overnight, the three major US stock indices experienced mixed changes, with the Dow Jones Index falling slightly, while the Nasdaq and S&P 500 Index rose, with the Nasdaq Index hitting a new historical high! BTC tested a high of $73,650, just a step away from the previous high, while ETH tested a high of $2,681. With only 7 days left until the US election, as Trump's support rate rises, BTC has also forcefully broken through the $73,000 mark. Trump has been showing favor to the cryptocurrency industry, positioning himself as a cryptocurrency-friendly candidate. Therefore, as his support rate rises, it acts as a catalyst for the pump in cryptocurrency prices. On the other hand, in the past two weeks, approximately $3.8 billion has flowed into Spot BTC ETF, a figure unseen since March. On October 29 alone, over $479 million flowed into these investment products. The rising trend in Spot BTC ETF flow over the past 15 days indicates a significant increase in demand, which is also the main reason for the recent pump in BTC prices!
💎
💎
The recent market trend can be described as chaotic, but it is precisely during this chaotic period that people can be trapped. The market is experiencing a big pump under the influence of news, and many long-term dormant coins suddenly rise with significant gaps. For some AltCoins with excessive gains, it is necessary to take profit in batches or withdraw the principal. Yibo reminds that coins lying in ambush during a significant market pullback have already doubled at this moment when others cut loss. Many AltCoins are suitable for swing trading. There are still opportunities to lie in ambush and take profit again at this moment, such as DOGE, SHIB, SOL, SUI, etc. In the encryption market, if you fail to lie in ambush at a low point and don't know when to take profit due to greed, then you are just playing a numbers game. Only by pocketing the profits can you truly win. What is belief? Achieving financial freedom is the true belief.
💎
💎
BTC has been on a strong pumping trend since testing the 65000 level on the 24th and 26th, without a decent pullback. It's showing a tough trend and is about to break the historical high. It briefly pulled back to $73650 in the early morning to gather strength, and there should be no problem setting a new high today. Currently, the market data is showing a rising pattern, with small adjustments after each rise. We can take advantage of each pullback to enter the market. The pullback is an opportunity to go long. Currently, the strength of the rebound is gradually greater than the decline, and in a strong market, the smaller the retracement, the greater the opportunity for a rise.
💎
💎
Ethereum peaked at $2681 in the highest test, judging from the short-term rhythm, the operating channel is opening downward to release space, the price has found support after probing lower, signs of recovery have emerged, the volume of short positions has decreased and arranged, the moving average consistently released downward has turned upward, and the current warming up has begun. On the four-hour level line, the price did not rise immediately and then fell, currently probing the lower support level, the operating channel is narrowing again, the volume of both long and short positions is converting frequently, the oscillation is once again reduced, the small cycle remains unchanged, the short-term oscillation is low and recovered, the downward trend is not sustained, and our next strategy is mainly to go long on the downside.