Market expectations are fluctuating upwards, Bitcoin remains strong, touching a high of 69,000 in the early morning before pulling back into a consolidation phase.
Today is Saturday, and generally, fluctuations won't be large. Excluding news impacts, BTC's weekend fluctuation range is between 69,000 and 67,000, with a focus on stable operations, as there won't be significant capital entering the market over the weekend.
Bitcoin broke through new highs again last night. Has everyone’s account balance increased? Last night, Bitcoin had already surged, and coinciding with the weekend, the market is expected to start a small-level correction at high levels. If there’s no market movement, it’s best to take a good rest!
The pattern I mentioned of Bitcoin reaching 66,000, 67,000, 68,000, and 69,000, with each day stepping up, continues. This indicates that the overall market's bullish sentiment is very high, and everyone’s psychological expectations are rising. Many people are optimistic about this wave pushing straight to 70,000, and then deciding whether to sell or reduce positions.
As of now, the market price is around 68,400 for Bitcoin and around 2,640 for Ethereum, which is in a pullback phase after the surge.
The market continues to fluctuate upwards today. Currently, the higher Bitcoin goes, the greater the pressure, but it is gradually testing the pressure range. Last night it touched 69,000, the next major pressure test will be at 70,000, and I firmly believe it will break new highs.
Now, regarding the driving force behind this wave of increase, the most direct factor is Trump's rising probability of winning.
The probability has widened again, with the win-loss ratio reaching 61:39. Additionally, Musk's full support for Trump has made Harris appear very passive. Foreign media have reported that Harris's rally had 120,000 viewers, while the Trump-Musk rally had over 6.6 million viewers, a difference of 50 times. Moreover, a photo of Musk wearing a golden MAGA hat has also gone viral in the U.S. Currently, from a sensory perspective, if there are no hidden manipulations in the vote counting, Trump is not saying he is absolutely certain, but he has a 78% chance of winning.
So at this time, all funds still observing the uncertainty of the election should start to feel anxious about entering the market. This is likely the main reason BlackRock has made 1 billion in three days. The positive factors for Bitcoin have not even reflected in the price yet. Starting from November 5, the speed of capital entering the market may accelerate even more. I have a gut feeling that Bitcoin will make a push towards 100,000 before the end of the year.
Future Outlook: Dispel the fear of heights, the market is coming in strong.
Now, many friends see Bitcoin rise from 59,000 to 69,000 and start to feel a bit "fearful of heights," thinking the price has gone too high. I must remind everyone to dispel the fear of heights! If you choose to exit now, you will definitely regret it in the future!
The biggest enemy in a bull market is not the market itself, but the "fear of heights" mentality.
In a bull market, the biggest mistake retail investors often make is not chasing the rise, but fearing heights, always thinking "this time it will definitely drop," and as a result, they fail to hold on when they should. Worse still, some people think about shorting at high levels, which confuses them, and after going back and forth, they end up losing their principal.
Remember, the real winning strategy in a bull market is to hold your positions firmly. When a major market movement is about to arrive, hold tightly to your Bitcoin and enjoy the dividends of the next wave of strong increases!
In the crypto industry, if you want to seize the next bull market opportunity, you need to have a quality community. Everyone can band together for support and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry.
If you want to band together for support or have questions, feel free to join us — WeChat Official Account: You Bi Zhi Qing Nian.
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