Bitcoin stands at 75000, Ethereum surges to 2800, and SOL also reaches 191, showing a thriving scene. With Ethereum's strength, meme leader NEIRO takes off first, and staking leader LDO also pulls a 40% big bar. Ecosystem projects like ENA are also taking off strongly. Once the market arrives, you need to hold onto your chips tightly and not get washed out. There is no pressure above Bitcoin now, and the turnover rate and entry rate are very high. Any slight selling pressure is immediately absorbed. The pullback buying point I've been waiting for has not come yet. Now, the FOMO sentiment is driving the surge; it's so crazy. It's easy to find yourself at the peak now, and given the current market conditions, the washout intensity will also be fierce, unless you are already on the vehicle when the rise begins. Short-term trading is not very suitable for the current market; let's see if there are any spot opportunities to catch up together! After the election, what else is worth looking forward to? The election is just one factor in the cycle, not even the most important one. In terms of trends and cycles, we can expect:
1. The impact of the BTC halving cycle often occurs within the election period.
2. FASB will officially take effect in December 2024.
3. SAB121 will inevitably be resubmitted in 2025, and this time the pass rate will be very high.
4. More importantly, the Federal Reserve's monetary policy has shifted from monetary tightening to monetary easing.
