Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, and I hope the brothers who have been following the King will return.

**Click the link to watch the video: **https://www.bilibili.com/video/BV1etC1YeEQ8/

First, let’s review the King’s views on the market from the article and video released yesterday. For Bitcoin, the King suggested entering a short position after the price peaked and fell below 68,000. This strategy provided two entry opportunities today: the first was a drop to 67,500, and the second is the current price of 67,900. The profit is not significant, as Bitcoin's overall volatility today has been limited. For Ethereum, the King suggested entering a short position near 2,650 with a stop loss of 25 points. This position also provided two opportunities, after which the market directly fell, reaching a low of around 2,600. The second wave of decline is currently at 2,635, yielding a small profit, with overall profits exceeding 60 points, which is quite good.

Currently, the news affecting the cryptocurrency market is the U.S. elections. Previously influenced by public opinion, there seems to be a reversal in the election situation for Haha Sister. The entertainment and sports circles, led by Taylor Swift, have rallied behind Haha Sister, calling on fans to vote for her, and so far, the effect seems to be good. According to insiders, this is due to the Democrats having control over the video of the "Boastful Old Man" party. Therefore, the election situation may change. Although Haha Sister's attitude towards the crypto market has changed somewhat, it is likely a compromise rather than a genuine stance, merely to appease crypto capital. If Haha Sister reverses her position, it could cause significant harm to the crypto market.

Now, let’s take a look at Bitcoin's specific trend. From the daily chart, after three consecutive bullish candles, Bitcoin formed a doji at the top. Unless something unexpected happens today, there is a high possibility that the market will continue to close in the red. Today's operations will still focus on short positions, with the basic strategy not differing much from what I discussed yesterday: if the market breaks above 68,000 and then falls back below 68,000, enter a short position. For those who cannot monitor the market closely, consider entering a short position near 68,500 with a stop loss above 69,000. Since you cannot monitor the market, the choice of operation will face greater risks. On the downside, the King will still choose a lower entry point for long positions. Currently, looking at the hourly chart, the only position I dare to enter is around 64,800, which can be entered for another long position because I am bearish in the larger trend. I personally believe a significant drop may occur over the weekend. If anyone is stuck in a position, feel free to reach out to the Coin Victory Group, and I will help you resolve the issue.

Next, let’s take a look at Ethereum's market. First, looking at the daily chart, it is clearly different from Bitcoin, having formed three consecutive high-position dojis. The market is evidently on the verge of reversal, so I recommend focusing on short positions when trading. From the hourly chart, Ethereum is under continuous pressure at the 2,650 level. In the short term, you can rely on this position to enter short, targeting the 2,580 level. On the downside, pay close attention to around 2,565 for a light long position, with a stop loss of 25 points. This position can only be taken once. The overall volatility at the beginning of this month has been relatively large, and in response to this month’s volatility, we will conduct live broadcasts of the market from Monday to Friday at 8:30 PM. If anyone needs it, you can find the Coin Victory Group online, and I will send you the link to the live room.

This article is independently written by the Coin Victory Group. If any coin friends need current price strategies and solutions for stuck positions, you can find the Coin Victory Group online. Recently, the market has mainly been characterized by fluctuations, accompanied by intermittent spikes. Therefore, when placing orders, please remember to control your take profit and stop loss. In the future, when facing significant market data, the Coin Victory Group will also organize live broadcasts across the internet. If you need to watch, you can find the Coin Victory Group online and contact me, and I will send you the link at that time.

Mainly focused on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in strategies such as mobile locking and trading around high and low support and resistance levels, short-term swing trading, medium to long-term trend trading, daily extreme pullbacks, weekly K-line top predictions, and monthly top predictions.

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