The hype around elections and interest rate cuts has basically come to an end, btc 77,180
Why is btc still rising at a high level?
On the 12th, the Ethereum developer conference pushed ETH out of the sideways range to 2994
If btc continues to consolidate, eth will continue to rise in the range of 3000-3500
There is only one reason, btc is offloading, raising Ethereum to maintain balance
If ETH pulls back next week, this round of the market will end, entering a correction
After all, the cost of raising ETH is lower than BTC
1, with the election settled, Trump increases uncertainty factors for next year
Trump knows very little about cryptocurrencies, early support was limited to the election
Early stabilization support in the crypto field is necessary, at least for the previous quarter
The Federal Reserve is an unavoidable obstacle, Powell is under tremendous pressure
Perhaps the probability of pausing or raising interest rates again next year has increased
2, Middle East situation, there will definitely be a war in the Middle East, Israel and Iran
Iran's retaliation against Israel is imperative, Israel has Trump’s support
3, Russia-Ukraine situation, end of the Russia-Ukraine war during Trump's term
Trump and Biden have two completely different personalities
Biden is only about war, inciting Obama to launch military actions in seven countries: Afghanistan, Libya, Pakistan, Iraq, Syria, Somalia, Yemen
Veteran Biden - invasion is the best way to get rich
Businessman Trump - trade is the correct law for the world to operate
4, Fear and Greed Index: 75, Binance Square long/short ratio 73/27
5, ETH/BTC exchange rate has not stabilized yet
On the 6th and 7th, the clearing intensity showed a rise in high leverage, 50x leverage
78,500 cleared 22 million, 72,000 cleared 22 million
If ETH has 7 consecutive daily gains, the position should be around 3500
If it pulls back, the highest near 3080 is basically the top
At this moment, it is advised to observe without entering the market, waiting for data to be announced next Wednesday to guide direction
For those who are stuck, it is recommended to open a hedge, going short with 2/3 position
Slightly profitable, open an options hedge
You deal with being stuck, I'll handle the un-sticking 😎
It's time for bulls and bears to say 'hello' to each other again, keep it up traders
