Article source: Official account Pepe Stud

The critical moment is here, the big one is coming

The market value of flatbread now accounts for nearly 60% of the total cryptocurrency. According to historical rules, every time flatbread breaks through this share of market capitalization, the coin market will be revised. The copycat market may improve somewhat, make up for growth or resist falling, and the election results will gradually become clear today and tomorrow. You have to believe that BTC will definitely reach a new high, and even if you understand Wang's loss this time, it won't affect the long-term trend of flatbread.

The exchange rate of ETH against BTC is falling, but the low point of the pullback is also rising. As for copycats, there is essentially a lack of liquidity. The funds have gone to the ETF and have not spilled over to the cottage, but there are also reasons why copycats are diverting more and more unlimited funds and continuously unlocking and smashing the market after going up, so the vast majority of this round of copycat season has turned to the MEME circuit, but it's all just a gust of wind. It's best to just run for profit. CZ also said that this year is a year of restoration, and the big bull market is still next year, so you still need to be firm in your beliefs and not get thrown off the wheel.

According to today's market analysis, looking at the K-line, the 1-hour level of flatbread declined (MACDComing soonGolden fork(It suggests that it won't drop too much) The 4-hour level is a decline (as long as it doesn't fall below the lowest point, it will rebound) and the 12-hour level is a downward trend, within the daypressure level69100,Support level$66,200.

Will the market crash after the election?

Today, November 5, is the US presidential election. Now, no matter where you look at it, everyone is wondering how the market will follow the election results.

Let's take a quick summary. Let's talk about some of the most popular “conjectures” right now. The first type of conjecture is the most popular: the market will have to crash after the election. “Buy news sell facts”, everyone says that. If the market were to be destroyed, it would probably be a “black swan” incident. The second conjecture is also quite believable: if Trump wins, the market will rush through a wave, then pull back, then rise again. If Kamala wins, it falls first and then slowly climbs back. The third conjecture is based on historical prices. BTC fell to its lowest price in previous elections, and has never gone back since. In other words, every time an election is over, the price of BTC continues to rise, and it never returns to the price it was before the election. There are many other conjectures and predictions on social media and the news. These three are the most popular, but we all understand in our hearts that the more popular the conjecture, the less likely it is to come true. So, do more of your own research!

The short-term trend of Bitcoin!

BTC will take off if Trump wins

BTC will fall if Harris wins

However, judging from the long-term trend, no matter who is elected, BTC will surely break through 0.1 million today and next two years

How can there be fewer Mentougou at critical moments!

Mentougou started transferring BTC again early in the morning! When the current market rises, it is very difficult; when it falls, it falls to an upward position for a week in a minute! Try to keep this market moving as little as possible. Today is also a day of the US election, so let's just wait and see!

What kind of story is hidden behind this mysterious address? Is it a hacker's masterpiece? Or is it some boss's secret layout? For a while, all kinds of speculations and fantasies flew all over the sky! Bitcoin transfers on such a large scale will undoubtedly have a significant impact on the market. Will the price of Bitcoin fluctuate as a result? How will investors respond?

Bitcoin dominates, altcoins fall into a “cold winter”

According to the data, Bitcoin's market share (BTC.D) hit 60.52% on November 3, the highest point in this bull market. Excluding the top ten assets, the market value of other altcoins has fallen to 16% of Bitcoin's market capitalization, a new low of nearly three years. Judging from CoinMarketCap's data, in the past three months, less than 25% of the altcoins outperformed Bitcoin, and the market has fully entered the “Bitcoin season.”

The research institute also pointed out that although the number of cryptocurrencies on the market has exceeded 20,000, the focus is still on Bitcoin, and the altcoin boom has been slow to emerge.

Will the spring of altcoins come again?

1. Optimists: Market recovery may bring opportunities

Some institutions are positive about the future of altcoins. Bitwise's chief investment officer believes that if the regulatory environment gradually becomes clear after the election, altcoins will pick up. Especially in the context of Trump's victory, the market expects regulations to be relatively relaxed, and there may be more room for altcoins to rebound.

Galaxy Digital's research also indicates that South Korean traders have begun to lay out high-quality altcoins, and altcoins are expected to improve in the fourth quarter of this year. However, on-chain analysts believe that it is only a matter of time before the altcoin season arrives, and its total market value may exceed 1 trillion dollars in the future.

2. Pessimists: Big fish eat small fish, and altcoins have been sluggish for a long time

Some experts believe that the altcoin cycle has gradually weakened. Bitcoin and Ethereum are doing well, while some altcoins will be eliminated. Willy Woo said that the altcoin market is similar to a casino, and there is too much speculation, making it difficult for ordinary investors to benefit from it.

The wave of altcoin liquidations may end at the end of 2024. It is only possible to gradually stabilize after a long period of adjustment.

Bitcoin continues to rise while altcoins continue to fall. This differentiation has left many investors undeterred. Will the “harvest season” for altcoins arrive again? Time and market conditions will tell.

Patience and careful choices are essential for the average investor. In the crypto market, risk always exists, so don't blindly follow suit; DYOR (self-research) will always be king.