Old Cui says about coins: The next 24 hours will completely determine the fate of the cryptocurrency world!

CN
3 days ago

The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui who talks about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone to follow and like, and reject any market smokescreens.

The profit situation of yesterday's long positions was basically not good. At this stage, the financial trends influenced by the elections are very strong, and we cannot grasp the results of the elections. This is also why Lao Cui has always emphasized not to trade around the election period. I would like to respond again to everyone's questions about Lao Cui's article updates. Lao Cui is currently maintaining daily updates, but on different platforms, especially in the Baijia section, many review mechanisms cannot be crossed, so some articles cannot be updated. You can take a look at other content. Back to the market itself, since Bitcoin set a high of 73620, it has been showing a downward trend, and the upward movement has been quite weak. Since yesterday, capital has completely shown a trend of fleeing the crypto circle. Not only in the crypto circle, but also the performance of Old A and the US stock market at this stage is also unsatisfactory. The party struggle has made Lao Cui very worried. Starting today, I suggest everyone to stop and take a look first, understand the trend before discussing anything else, and do not rush into a deep pit without clarity.

Many friends have been asking Lao Cui why he is not discussing the impact of exchange rates on the crypto circle at the moment. Here, Lao Cui also explains that not mentioning it does not mean this indicator is completely disregarded. Before writing articles, these indicators need to be considered, but due to space limitations, Lao Cui did not mention them. The impact of exchange rates has always existed in the financial market. Even if it is not mentioned in the article now, you can look back to see if the overall trend is linked. With an exchange rate around 7.5, Bitcoin has maintained below 65000, and the current rate around 7 has been fluctuating around 70,000. The current exchange rate has basically stabilized, so continuously explaining this would bore everyone, so Lao Cui simply stopped mentioning it. Furthermore, whether it is Trump or Harris coming to power, the impact on the exchange rate will definitely continue. Their central national policy is always to maintain the hegemony of the US dollar. As long as the dollar appreciates, it will not be good news for the crypto circle. Previous articles have mentioned that in the previous rounds of bull markets, the exchange rate was almost stable around 6.5. Therefore, for the current crypto circle to break through the historical pressure above, it must have large capital involvement and a decline in the exchange rate to form an effective breakthrough and maintain stability. If these two conditions are not met, the market will become more volatile.

The second question is that the fluctuations in the past two days have been revolving around the bearish market. Many friends choose to enter long positions during the downturn, which Lao Cui does not support. In fact, the best entry position is always the recovery trend on the second day after a decline, whether long or short, the second day is the optimal choice. It may seem like a cliché, but it can save everyone's lives. When the market comes, it is never suitable for everyone to enter. You must wait for the market to stabilize before choosing the entry timing. Many friends choose to enter during a big rise or a big drop, often making the wrong decision at that moment. They dare not chase after a big rise and only dare to bottom fish during a big drop, and while bottom fishing, they end up losing themselves. Especially with the fluctuations in the past two days, Lao Cui provided long positions, and many friends chose to hold positions while sleeping. Perhaps due to having too much wealth, they do not pay much attention to small positions. In the current fluctuations, daring to hold positions while sleeping is not a wise choice. Regardless of long or short, the best choice is to enter and exit on the same day. The situation is volatile, and you never know when there will be a sudden crash. Harris's approval rating is on the rise, as can be seen from the stock reactions of Trump's company. If the winning rate is problematic, the King of Understanding may fall from grace. In fact, a drop would not have a bad impact on the crypto circle; the key is not to let Lao Cui get caught in it as well.

In fact, the core idea recently is that there is not much to discuss with everyone, and we only need to look at two indicators: the election results and the expectations of interest rate cuts. Other influences can be completely ignored. As long as there are no positive news layers, everything will be presented in the form of corrections. For the overall direction judgment, everyone just needs to remember that the previous 50 basis point interest rate cut has arrived, which is the foundation of the bull market. Even if the subsequent interest rate cuts and elections all fail, the bullish trend cannot be shaken. The news layer and capital volume layer are what determine the overall trend (in peacetime). As for military and political aspects, they belong to uncertain factors. The election results can influence the mid-term trend, and the results may have a lasting impact on the crypto circle for about a week. The short-term aspect is related to technical indicators and the capital flow of the day, as well as the actions of other financial markets. These three points can basically determine the trend of the day, so everyone should judge the overall trend according to this logic, and there will not be too much deviation. Remember that the bullish trend is always on the way.

Lao Cui summarizes: From the recent fluctuations, capital volume has always been influenced by the news layer. At this stage, public opinion is greater than everything. We do not make any speculations about the political aspect; what we need to do is to prepare well. The fluctuations in tonight's market can basically determine tomorrow's results, and attention can be focused on tonight's market trends. Instead of giving so many reasons, it is better to directly announce Lao Cui's entry point. At this stage, Lao Cui has already taken some long positions yesterday and is currently hovering in profit, with no intention of exiting for the time being, still waiting for tomorrow's results to decide when to exit. The users in Lao Cui's hands are basically maintaining the same rhythm as Lao Cui. Lao Cui's current position is around 68100, and last night he also endured nearly 800 points. Users with the same entry point as Lao Cui can consider taking profits in batches. Lao Cui will also take profits on some positions and observe with light positions. If tonight's market is not right, be ready to retreat at any time. At this stage, the crypto circle should no longer blindly believe in support and resistance levels; both can be easily broken. The influence of the news layer is greater than everything. Tonight's votes are also crucial. From Trump's current performance, it is about the gains and losses in Pennsylvania, a battleground state. Last night, Trump also moved in overnight.

Let's see how the results turn out tonight. The final results will be announced in less than 24 hours, and success or failure hinges on this. Spot users also need to pay attention to the election results. The impact of this round of results on the bears is extremely strong. If Harris comes to power, the crypto circle's bull market will be delayed by at least 3-4 months, meaning it will be postponed until next year. Therefore, if an accident occurs, everyone can prepare to exit and then choose opportunities to bottom fish. At this stage, everyone is at least in a profitable state. For contract users who are not in sync with Lao Cui, what to do today is to lightly try bottom fishing. Be sure to use light positions. If tonight's fluctuations are not right, you can go short. The fate decision is actually the result of the election. After this short-term fluctuation, the interest rate cut decision will basically appear the next day. The interest rate cut can completely wait until after the election to enter the market. The interest rate cut will definitely lead to growth in the crypto circle. Therefore, even if there are issues with the results of this election, it will not have a lasting impact on the crypto circle. Holding on is victory. In summary, everyone currently has two opportunities for profit, namely the announcement of the election results and the arrival of the interest rate cut strategy. Whether there will be profits this year depends on these two opportunities. Everyone must seize them. Historical-level opportunities do not come every year. If you cannot seize them, it can basically be declared a failure in crypto investment. If you lack confidence, feel free to ask Lao Cui boldly.

Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess. A master can see five, seven, or even more than ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes for the big picture, not focusing on one piece or one territory, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short, only competing for short-term gains, resulting in frequent troubles.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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