Master Ye Talks About Hot Topics:
This weekend is likely to have a feeling of "walking on thin ice", as the election is imminent, and the market is like the big shots on the mahjong table, with the action of flipping the cards becoming more and more frequent. According to the news, it is said that some big whales are quietly selling, causing many retail investors to start panicking.
Now, regardless of who eventually occupies the White House, the market will be ready to have a flash crash at any time. Of course, these are just the foreplay that the market throws at us, and the final outcome will have to wait for the "hand of fate" to be revealed. What we can do is to protect our own funds, and once the opportunity comes, act decisively!
Currently, Bitcoin may not have reached the bottom yet, and everyone needs to be on the lookout. The downward trend is not as simple as "waving a big sword in front of Guan Yu", don't chase the highs too eagerly, as technical analysis is no match for the news front - it's like a little radish encountering a little Nezha, it can't hold up the situation at all.
So you must see the big picture clearly! In terms of spot and medium to long-term, buying at the lowest point is almost a fantasy, even if you do pick up a low-priced bargain, it doesn't really mean much, after all, what you can eat is what's yours.
The big pot of rice is in front of you, but how many bowls you can eat depends on you. When it drops sharply, we just have to grit our teeth and buy some bloodied shares. Moreover, it's not just a rumor that the most money is lost in a bull market. If you're squatting at the bottom, it doesn't necessarily mean you can take off, in many cases it just doesn't move at all.
How much confidence do you have in your own position? If it's squatting at the bottom and not rising, how would you operate? Can you resist the itchy feeling when you see other people's coins flying up? And if you hear a so-called inside scoop (what you can see is what the dog cage wants you to see), will your heart start pounding?
The whole world is making the US election look like a soap opera, long and drawn-out, at the end of the day it's because the "daddies" of capital behind the two parties are jockeying. On the surface, the election is a party struggle, but in reality, it's a fight over whose policies are more palatable to capital, so that capital can continue to control the future.
Earlier, Musk had made a strong statement: "If Trump takes office, the US stock market will drop 10%-30%, and the real estate market will also be in trouble." Speaking of this, I'm more optimistic about Harris. From a structural point of view, no matter who takes office, the Nasdaq is destined to break through 16,212.
If Trump really gets in, it means the capital group is "feeling generous" and willing to "reincarnate" themselves; otherwise, Harris is stable. Harris' policy plan is to levy a 7% tax on domestic companies, which means that the profits of companies in the Nasdaq and S&P will be directly cut, and the US stock market will naturally be under pressure. Don't you think the connections behind this are very subtle?
Going back to Bitcoin, if the November 6-7 interest rate meeting cuts rates, it may bring a wave of rises, if not, the market is likely to remain the same. The non-farm data supports a 25 basis point cut, but the election result is likely to trigger a big market move ahead of time.
So the Bitcoin market has already figured it out, no matter who takes office, the structure won't change, the big players are just playing for their own interests, they won't worry about Trump or Harris. Once the election result is out, the market volatility may be lower than expected, at most it will bounce up and down a bit and then return to its original track. The benefit of the election for the big players is to create volatility and increase divergence, and continue to tell stories.
So you don't really think that if Harris is elected, Bitcoin will plummet and halve, and if Trump is elected, you can directly see $10,000? If that's the case, Master Ye can only give up, surrender and lose half. Black fans, you can't spray me if you spray other bearish analyses, promise me, okay?
Master Ye Looks at the Trend:
Bitcoin has broken through the previous short-term downtrend line, showing a trend reversal.
With the reversal of the short-term trend, it is recommended to maintain a short-term rebound view. However, as there are still many resistances above, it is necessary to gradually observe whether these resistances can be broken through.
If Bitcoin returns to the 69.1~69.8K bag-holding area and consolidates in this area, we can expect a retest of 70K.
Resistance Levels:
First Resistance: 69100
Second Resistance: 69800
Support Levels:
First Support: 68600
Second Support: 68000
Today's Trading Recommendations:
Since Bitcoin has already broken through the short-term downtrend line, maintain a rebound view and trade accordingly. It is currently testing the short-term high, and it is recommended to pay attention to the potential pullback opportunities during the high point breakthrough process.
11.4 Master Ye's Swing Trade Preset Orders:
Long Entry: 68000-68400, Stop Loss: 67400 if breaks yesterday's low, Target: 69100-69800
Short Entry: 69800 light position, Add Short: 70500-70800, Stop Loss: 71500, Target: 68600-68000
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