Two days before the election, the US stock market is closed on weekends, so the market Fluctuation is relatively small. Currently, everyone is waiting for the US election, the presidential election will inevitably exacerbate the market's intense Fluctuation, regardless of who becomes the president, they will have to face the decline of the US economy, banking crisis, trade deficit, US debt crisis. The process of announcing the results of the first stage of the election on November 5th will affect market sentiment and have a short-term impact on prices. The long-term impact is not significant. The pump of BTC is based not on the policies of the Federal Reserve and the US president, but on the global Crisis of Confidence in the US dollar!


💎
💎
Yesterday, after hitting the low point of this adjustment in the morning, the BTC market saw a small Rebound, but the strength was relatively weak. Other varieties continued to decline slightly after the morning Rebound, but we can clearly see that the downward momentum is gradually weakening. The current trend is judged as the first stage of the downward movement at the daily candlestick level, and the downward momentum is gradually weakening. From the weekly chart perspective, after the previous strong rise, the currency price experienced a partial pullback, but with limited intensity. The pullback repaired and rebounded again, while the weekly chart ended with a bullish k-line. The current trend is in the adjustment stage of long positions trend, and the pullback is just a better preparation for the subsequent extension of long positions, coupled with the upcoming election next week. If there is Favourable Information in the crypto world, the price is expected to rise above 80,000. Next week, I personally have a positive view on the pump action of long positions. It is important to pay attention to the news related to the election. Today, it is expected to continue the Rebound trend that emerged last night. It is not advisable to short term layout again for the time being!
💎
💎
Regarding AltCoinzone, SOL has also been active on the platform for 8 months now, and it is very strong overall. RAY in the ecosystem zone has been testing new highs recently, and breaking new highs in the future is only a matter of time. As for the hottest MEME tokens at the moment, these belong to the world of ultra-short-term experts. The MEME they mine day and night is not something everyone can achieve. Don't itch to get rich like others; those are rare cases. Myths require good timing, not just hard work. This round of relative strength is in the RWA zone! Whether it's old DeFi in new clothes or new RWA track tokens, they all show relatively strong market data. At least everyone is oscillating in the same region, rather than continuously hitting new lows like most small tokens. This indicates the presence of capital in the zone, which is worth investing in. AI will also be a zone for continuous speculation in the future because as AI continues to evolve and strengthen, speculative topics will continue to exist. However, AI tokens currently remain speculative assets and are difficult to implement, requiring a strong sense of rhythm to profit from them.
NOT1,62%
PUMP2,56%
BTC-0,05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)