Original
The market started off volatile in November. How can we find the code to wealth in the turmoil?
This article is machine translated
Show original
As the monthly line ends, BTC is performing well above the 70,000 mark, reaching a high of around 73,600. Although we cannot predict the arrival of a trend-driven market, we can at least expect a wave of upward momentum. Therefore, the current retracement provides investors with an opportunity to enter the market.
Yesterday, the Nasdaq index in the US stock market plummeted by more than 2%, and many tech stocks also performed poorly, with COIN falling by more than 10%. This has also led to the expected pullback in BTC.
It is worth noting that despite the significant market decline, institutions such as BlackRock continue to make purchases. This suggests that they may have access to information beyond our understanding, and their confidence should not be underestimated, as BlackRock has a significant influence in our daily lives.
As the US election approaches, the market's risk aversion sentiment has risen, which may be one of the reasons for the pullback. However, once a trend is formed, 80% of the reversals will end in failure. Therefore, we need to be patient, and although the volatility of long-term investments can be frustrating, impulsive trading may lead to missed opportunities.
This month, a series of important events will impact the market trend, particularly the non-farm payroll data tonight, the US election on November 5th, the Fed meeting on the 8th, the Ethereum developer conference on the 12th, and the CPI data on the 13th. These are all significant news that will affect the market, and November's performance will undoubtedly be accompanied by considerable volatility.
Since TRON fell to around 2,100 on August 5th, the adjustment has been approaching three months, coinciding with the US election. Whether TRON can see a turnaround after this period is worth watching. The recent market volatility has caused anxiety, but the key turning point may come around the 5th.
This morning, the A-share market performed steadily, with the 5-day, 10-day, and 20-day moving averages hovering around 3,280. If this level can be maintained, it may trigger a new round of upward momentum. As the US election approaches, a result is expected next week. If Trump wins, the crypto market may rebound quickly; otherwise, it may experience a period of adjustment before continuing to rise.
From a personal perspective, the market outlook for the next six months is relatively optimistic, both for the crypto market and the A-share market. During this period, I will continue to invest in CFX, which is currently in a relatively obscure state and not independent in its performance.
Another altcoin worth noting is EDU. Recently, CZ mentioned in an interview that he will focus on the education sector in the future. EDU's performance after its launch has been relatively resilient, and its price has not experienced excessive declines compared to other venture capital projects, which may indicate the presence of main force capital. From a small-scale investment perspective, it can be moderately allocated.
In summary, faced with market volatility and uncertainty, investors should remain calm, pay attention to the upcoming important events, and prepare appropriate strategies. The future market presents opportunities, but caution is also needed to cope with potential changes.
Finally, there are many other aspects that have not been covered in this article, such as specific opportunities and decision-making processes. These are often not something that can be fully captured in a single article.
If you want to learn more information or have any doubts, follow the public account: Crypto Conan to get more wealth codes!
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content