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From the weekly level, although Bitcoin has experienced a short-term rebound and pullback, the K-line is still above all the moving averages, showing a bullish trend, with short-term moving average support below, so the pullback space is limited, at most pulling back to around 68,000, and then seizing the opportunity to wash the plate, after adjusting and accumulating strength, it will go on to hit a new high of 74,000, and it is highly likely to create a new high again, as the bull market is hard to come by, cherish the opportunity of low absorption.
Suddenly a big drop, a lot of retail investors were trapped or have already blown up, they have been washed out November 5th election, every election, Bitcoin must rise November 6th rate cut, boosting the rise of the Bitcoin market December 17th another rate cut, again driving the rise of Bitcoin, stimulating 85,000I'm sure you've all heard such stories beforeThe wolf is coming, the wolf is coming, the wolf is coming But the wolf never came, and then one day, the wolf really came, and it was too late to react. The bull market is like that, repeating the story of the wolf coming every day. This is the last wash-up and accumulation before the election, and next Monday will lead the fans to layout the potential coin that will explode, doubling is very simple, and at the same time also looking for the layout of the meme coin on the Solana chain, and can earn 30 times by the end of the next bull market.
Shan Chuan recommends some promising coins with good recent performance:
» Pyth Network (￥PYTH)
Market cap: $13.12 billion
24-hour trading volume: $142 million
The oracle on SOL, SOL is strong, and its ecosystem will not be bad. PYTH's price is low now, but the underlying chips are sufficient, and the trading data is also stable. In the short term, the 0.3 resistance level has been broken through, and if it can stabilize, the 0.4 resistance level will not be far away. I think it's a good time to layout now.» Dogecoin (￥DOGE)Market cap: $22.69 billion24-hour trading volume: $2.34 billion
The reason why the first MEME coin DOGE has been involved in political colors is inseparable from Musk's support for Trump. Musk tweeted on August 20th that he wants to create a "Department of Government Efficiency" (D.O.G.E), and the naming concept came from the DOGE community's suggestion to Musk. Trump also responded that if elected, he will establish this department, conduct a comprehensive financial audit of the government, and propose to reduce waste. Therefore, the price performance of DOGE has also been linked to the presidential election. This kind of election coin, the short-term opportunity cannot be missed.» Solana (￥SOL)Market cap: $78.14 billion24-hour trading volume: $2.81 billion
What a golden opportunity! The golden correction of SOL, and there is still such an opportunity before the election, you really need to get on board quickly! On-chain data shows that BTC is about to surge, and I won't say more about the rate cut and the election! It has been soaring since the second half of last year, and has risen more than 20 times. The momentum is strong. It is competing fiercely with Ethereum, and has the support of beautiful national capital, breaking new highs is just a matter of time. I even think that in this bull market, it can rush to 500, and in the next bull market, it may even break 1,000. We can treat it as the Ethereum of 2019.» Stacks (￥STX)
Market cap: $2.37 billion24-hour trading volume: $79.82 million
A super old-fashioned Bitcoin L2, the only one in the top 200. Even when the Bitcoin ecosystem is not good, it still has a high market value, rising from 0.27 to 3.7, exceeding the 2021 high, with no unlocking pressure, and the project team has been working hard for 10 years. The Bitcoin ecosystem is expected to thrive.
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