Good morning, brothers! The market is surging!

I woke up to find Bitcoin is almost at 90,000; this is the bull market.
Remember what I said a few months ago? September would be a bottom, October would be a recovery, and November would see a major monthly surge! This wave of super market activity has started, and there will be at least two more monthly bullish candles! So the ups and downs in between are not worth worrying about! Adjustments are just pin pricks, and they basically won’t give you too many chances to get in. Many of my friends around me have already missed out. This is how a bull market works; if you can't endure the previous hardships, you won't enjoy the blessings later.
I rarely post technical articles because I am a cyclical player, and I know that my followers are mostly small retail investors; you simply do not have the ability to achieve perfect swings! It is better to follow my cyclical layout and track layout. You can review my previous articles; since the end of last year, the layout has been the market's hot sectors, constantly calling to stay away from VC scams. If you were cut badly by garbage altcoins before the bull market started, that means you didn't seriously listen to me. In this bull market, I will tell you how to protect your wealth and how to turn things around.

On the evening of November 11, Beijing time, the price of Bitcoin suddenly surged, rising nearly 10% in a single day, briefly breaking $88,000 per coin. As of 07:00 on the 12th, it was reported at $88,567 per coin, again setting a new historical high.
Bitcoin's market capitalization has surpassed that of silver, becoming the eighth largest asset in the world, with Bitcoin's market capitalization currently at $1.741 trillion and silver's at $1.735 trillion.

On the news front, MicroStrategy, a 'large holder of Bitcoin', suddenly announced that it spent approximately $2.03 billion (about 14.6 billion RMB) to buy around 27,200 Bitcoins, marking the largest purchase since December 2020.

In the past week, Ethereum prices have surged 29% to $3,200, and Tron founder Justin Sun has liquidated part of his ETH investment. Reports indicate that dormant ETH whales have also become active by selling off their holdings. Investors are waiting to see how the largest altcoin reacts to these developments.
Tron founder Justin Sun sells ETH
While capitalizing on last week's rise in Ethereum prices, Tron founder Justin Sun has been making substantial profits. About 15 hours ago, he deposited 19,000 ETH (worth approximately $60.83 million) into HTX at an ETH price of $3,202.

Today is Double Eleven; Bitcoin broke through the $80,000 mark yesterday at 4 PM, reaching a high of $81,800 today. As of the time of writing, Bitcoin is fluctuating slightly around $81,000. Some are worried that Bitcoin is about to peak? In fact, it is difficult for Bitcoin to have a deep correction, and it will experience slight fluctuations.
After hitting a peak of $73,000 on March 14, 2024, Bitcoin soared dramatically two days ago after more than six months of consolidation. The bull market in cryptocurrency is now blazing like a roaring fire! Altcoins are dancing wildly! It feels like the first half of 2021 is back.
This week, Federal Reserve officials will speak in succession, and additionally, the U.S. CPI and PPI data for October will be released, along with the retail sales data, which has been referred to as 'terrifying data.' In last week's press conference, Federal Reserve Chairman Powell clearly stated that the pace of future interest rate cuts will be dynamically adjusted based on economic conditions. The current economic outlook is fraught with uncertainty, leaning more towards gradually approaching a neutral interest rate. Specifically, the U.S. CPI data for October will be announced on Wednesday, PPI data will be released this Thursday, and on Friday, the market will focus on retail sales data, all of which could influence the expectations for rate cuts in December.

Since Trump won the U.S. presidential election, cryptocurrencies have entered a surge mode. On November 10, Bitcoin continued to rise, with a daily increase of over 4%, briefly breaking through the $80,000 mark, reaching $80,200 per coin, setting a new historical record. This is also the first time in history that Bitcoin has crossed the $80,000 mark. However, amid the volatile market, many have faced liquidation. According to Coinglass data, over 141,600 people were liquidated in the cryptocurrency market within 24 hours, with a liquidation amount reaching $430 million, of which $315 million were from short positions and $115 million from long positions. On November 11, Bitcoin continued to rise, reaching above $81,000 during trading. According to Coindesk data, the price of Bitcoin is currently up 4.81% to $80,358.72, having reached a high of $81,454.61 in the past 24 hours.

ETH rose in sync with BTC yesterday, continuing its rebound, and has now broken through the 3000 mark, successfully surpassing the key resistance range of 2950-3000. Attention should be paid to the support in this range; if the pullback does not break below it, it will continue to rise, expecting a daily adjustment and corrective market, with further bullish outlook as a new round of bullish cycles is about to start.
The current market situation is concerning, with altcoins generally performing poorly. This is mainly because mainstream funds are concentrated in a few major coins like BTC, DOGE, and SOL, while the funding pool for altcoins has not seen a significant influx of new capital.
The current funding situation of the project is also not optimistic, making it difficult to have enough momentum for pump operations. Therefore, even though mainstream coins have significantly risen, altcoins may only see rebound after the gains in mainstream coins stabilize.

The surge in Dogecoin is indeed inseparable from Musk's influence! He is not only a loyal fan of Dogecoin, but also actively supports Trump's campaign.
It is said that in order to help Trump, Musk generously donated $118 million to a super political action committee. In return, Trump promised that if he was re-elected, he would let Musk be in charge of a committee called "Government Efficiency Department DOG.E.", which focuses on improving government efficiency, and the name also secretly echoes Dogecoin.

So, is it really possible for Dogecoin to continue to soar? From a technical perspective, Dogecoin's rise is indeed strong, and the relative strength index (RSI) has reached 70, showing a clear upward trend. At the same time, Dogecoin's 30-day moving average has just formed a "golden cross" with the 200-day moving average, which is an important technical breakthrough signal, indicating a possible continued rise!

This society is developing, and the blockchain industry is continuously advancing. We need to open our minds and perspectives, not to be closed-minded and stubborn.

Just like many people in the early stages only came into contact with BTC, ETH, LTC, EOS, and other old brands.

But without a deep understanding of the blockchain industry, they only live in their own era.

Choosing and progressing are two different matters and should not be confused.

Progress requires opening oneself up, allowing oneself to be like a sponge, a pipeline that can accept the development and occurrence of all things, to see the opportunities in this industry, keep up with the times, and understand the future of industry development.

As the momentum of the cryptocurrency bull market strengthens, the Solana network shows potential for growth exceeding the Ethereum blockchain next year. As it surpasses Ethereum in DEX trading volume and other DeFi metrics, Solana-based meme tokens are poised for a breakout.
Dogecoin (DOGE)
After the announcement of the U.S. election results, the price of Dogecoin broke out of its range and surged significantly, surpassing the key resistance level of $0.2. A large influx of buying volume pushed the price above bearish levels. Although market participants believe bulls may remain calm, they have begun to expand, aiming to break through key ranges over the weekend.

With Trump's victory, crypto assets saw a surge across the board, but the most notable project was COW, which just launched on Binance and saw a peak increase of 204%.

Some believe that COW's significant increase after listing on Binance is due to selecting a good timing; others claim COW is Vitalik's favorite exchange, as he uses cows to exchange every time he dumps coins, thus COW itself carries meme attributes. But are these claims really insightful?
Another SUI ecosystem DeFi project CETUS, which went live on Binance the same day, also benefited from the recent strong performance of SUI, but its peak increase only reached 100%. In contrast, COW's performance stands out.

On November 7, the net inflow for US spot Bitcoin ETFs reached a historic high of $1.38 billion, marking the highest single-day inflow since inception, primarily benefiting BlackRock's IBIT.
Data from SoSoValue shows that BlackRock's spot Bitcoin ETF alone accounted for $1.12 billion of the total net inflows for the day, a record high, reversing a total outflow of $113.3 million over the previous two days.
IBIT's inflow accounted for over 81% of the total net inflow of $1.38 billion for the 11 US-listed spot Bitcoin ETFs that day.
Following IBIT, Fidelity's FBTC saw the second-largest inflow, totaling $190.92 million, while the previous day, the fund had an inflow leading the ETF at $308.8 million.

Today's cryptocurrency prices have sparked a speculative whirlwind among global market observers, with mixed price trends. While Bitcoin (BTC) maintains upward momentum at the $75,000 level, altcoins mainly reflect turbulent market sentiment. Meanwhile, Neiro (NEIRO) has become the day's biggest gainer.
Additionally, the global cryptocurrency market capitalization has dropped 2.64% to $2.48 trillion. Furthermore, total market trading volume has decreased by 37.63% to $134.43 billion. Therefore, let’s take a closer look at some of the highest market cap cryptocurrencies and their price trends as of November 8.

As planned, a 25 basis point interest rate cut was announced, and Bitcoin reached a new high again. Just yesterday, it was mentioned that Bitcoin is not at its peak. The market has responded positively. Old Powell announced the 25 basis point cut at 3 AM today, and Bitcoin broke its historical high at 76880 dollars. Powell even stated that he would not resign due to Trump's success and would not resign voluntarily, but it somehow sounds like he is being timid? The latest data from CME shows a 70.5% probability for the Federal Reserve to cut rates by 25 basis points in December.
Currently, the open interest of Bitcoin has reached a peak, with a fear and greed index of 75. It is advised to be cautious of potential market manipulation. Additionally, Ethereum, the long-standing second, has finally kept pace and has reached 2900. As long as Vitalik and the Ethereum Foundation do not create chaos, there is still potential to look forward to. What do you think, guys? Back to today's market analysis, from the K-line perspective, BTC is on a downward trend at the hourly level, and the 4-hour level is also about to enter a downward phase, while the 12-hour and daily levels are on an upward trend. The daily resistance level is 77000, with a support level at 74700 dollars.

Opening Introduction
Colin: Welcome to this podcast. As you know, today is the day when the results of the US election are released. Just a few hours before we recorded, Trump had already won 277 electoral votes and was actually elected as the next US president. Today we specially invited Mr. Meng Yan, who is a very well-known cryptocurrency evangelist in the Chinese circle and has many unique insights on regulation. So today we will talk with Mr. Meng about the impact of the US election on the subsequent development of the cryptocurrency industry.
Meng Yan: Thank you, Colin. My name is Meng Yan. I am the co-founder of Solv Protocol and the co-author of the ERC-3525 standard. I am very happy to be on the Wu Says Podcast and talk to you about the relationship between the US election and our industry.

After the election of Republican presidential candidate Trump, the US dollar index hit a four-month high, while the price of gold fell to a three-week low. After the election results came out, the market focused on the FOMC meeting decision. The Federal Reserve will announce its interest rate decision at 3:00 a.m. Taiwan time on the 8th. The market generally expects a 1 basis point cut in interest rates this time.
After Trump was elected as the President of the United States, investors rushed to buy US dollars, and the price of gold, which had hit record highs before the election, fell instead. The spot gold price fell 2.8% on Wednesday, falling to $2,643.77 at one point, hitting a new low since October 15 and the largest single-day drop in nearly six months. It stabilized on Thursday and is now at $2,663, up 0.16% on the day.

Sui (SUI) hit a new all-time high (ATH) of $2.38 on Wednesday following Donald Trump’s victory in the US presidential election. The surge was aided by a massive increase in trading volume, which reached $2 billion.
However, as of Thursday, SUI’s price has fallen slightly to around $2.24, but still reflects strong growth. The price increase is driven by more users interacting with the SUI blockchain and growing interest in the crypto ecosystem.
SUI stock started to rise earlier this week, finding support at $1.79 on Monday. Subsequently, the stock rose more than 32.7% to a new high.

【Analysis of major trends】
Affected by the US election and winter time, the Federal Reserve decided to announce the interest rate decision at 03:00 Eastern Time on November 8. Normally, the Federal Reserve will hold meetings on Tuesdays and Wednesdays and announce its decision on Thursday morning, but this time it happened to coincide with the US election, so the Federal Reserve's interest rate meeting was postponed for one day.

Investors are looking to Federal Reserve Chairman Jerome Powell to cut interest rates by a quarter point this week to keep his planned rate cuts on track despite some signs of stubborn inflation and mixed signals about the job market.

With the conclusion of the US election, Trump won. Bitcoin has risen all the way from around 69,000 to over 76,000, rising by more than 7,000 points. The trend is very strong. There was a correction during the day today. In the morning, with a strong rise in Ethereum, Bitcoin hit a high of around 76,000, and then fell back. The current minimum is 74,450. The volatility of the copycat itself is relatively large. At present, Bitcoin is still at home, so it is better to layout at a low level rather than chasing directly. The cost-effectiveness is relatively limited, and often chasing in will usher in a correction.

There is a chance for a short-term rebound near 74,500 yuan, mainly because the price has not yet completely pulled out of the range, at least above 80,000, the rise of the price may be relatively stable! Currently, it is up and down!

Bitcoin is standing above 75,000, Ethereum is surging to 2,800, and SOL also shows a thriving scene at 191!

A short-term surge will consume a lot of bullish energy, and often a large bullish candle will be followed by a small bearish candle, requiring a downward adjustment to repair the K-line pattern distortion caused by the surge.
There will be no drastic declines; only small retracements. Bitcoin breaking the historical high means the potential for further upside.
With Ethereum's strength, the leading MEME token NEIRO has taken off first, and the leading staking token LDO has also surged by 40%. Other ecosystems like ENA have also taken off strongly. Once the market comes, you need to hold onto your chips and not get washed out.

The news has been confirmed: 'Very reliable' has been elected, and the bull market is coming next!

The pond owner has released fish; will there be more fish released? The answer is definitely yes: slowly, more and more people will start fishing. You are the first guest; what you need to do now is find a good position (choose the right coins), take out your ancestral treasure rod, bring out your golden stool (wait for the time), and hang your bait (capital) to start fishing.

Bitcoin's market analysis is out! I found some tricks from the 4-hour, 1-hour, and 1-minute charts, but from the emotional and data perspective, many people are preparing to short and are bearish. Are you ready to fall before dawn? The good market for the next 6 to 12 months has already opened. Looking bearish now can only be the reckless behavior of hot-blooded traders; you are being stubborn.