Coin Hunter: 11.5 elections enter the countdown, Harris elected as the big waterfall in the crypto world.

CN
20 days ago

Countdown to the election, the results will be announced by tomorrow noon at the latest. Don't bet on Trump taking office and Bitcoin soaring.

I really think there are issues with Trump's campaign team. They are now quickly sending people to various swing states to learn how to howl like a fox. Great America, King Trump, and by the way, throw a one-eyed stone man into the Mississippi River with the inscription: "Do not say the stone man has one eye, stirring up the Mississippi River and the world." If he loses, he will sit tight in Houston, call out from a high place, "Do nobles have any kind?" Texas's million rednecks will clear the court. If he wins, he will enter the White House and reclaim the throne; if he loses, he will still hold Texas, and it won't be a loss for the illustrious emperor.

Three things, when connected, the situation becomes very clear.

Last Wednesday, Harris won in the swing state, surpassing Trump in winning probability, and the US stock market began to continue its decline.

Last Friday, the non-farm payroll data changed from the usual style of falsification, with only 12,000 jobs added.

On Monday, the White House passed an emergency bill allowing federal troops to control riots without government authorization based on the situation.

From the movements in the US stock market, it can be seen that Trump's faction has sensed the risk of losing and wants to flee.

From the non-farm data, the previous falsification was to win votes at all costs; after winning, they would clean up the mess, leaving the mess for Trump if they lost. Logically speaking, unless the Democrats already believe they are guaranteed to win, why would they self-destruct by releasing such low employment data during this sensitive phase of the election? Therefore, from the perspective of non-farm data, the American bureaucratic system also recognizes that Harris is going to take office, and now they need to start cleaning up the mess from the previous falsified data.

From Monday's emergency bill, the Democrats also foresee that after the election, Trump might cause trouble, after all, there is a precedent (the last election loss led to rednecks surrounding Capitol Hill).

Conclusion: Harris takes office, the crypto market crashes, the sky falls and the earth shatters.

View on Bitcoin's market during the election phase—

In previous articles, including over the weekend, I mentioned a key point: during the election phase, the market will revolve around 68,800. Both sides can choose their operations based on this standard point. On Monday, Bitcoin jumped around 68,800, suffering numerous wounds, with a clear intention: the market is about to start, not giving you a comfortable position to operate.

My weekend article also focused on this point, advising everyone to short at 68,800, and to continue shorting if it breaks above 69,200 and then falls back.

Combining the weekend's market, it rebounded from the support position of 67,500, then on Monday it oscillated around 68,800 without accelerating, and on Tuesday morning it accelerated through 67,500 and then rebounded. Currently, all short-term supports and resistances have failed, and the market has entered a stage of losing control. The purpose of losing control is also to prevent retail investors from having a chance to participate.

Since we understand that the market's intention is to prevent retail investors from participating, today we need to find which positions still allow retail investors to operate, and that position will definitely be broken.

Currently, the visible position is the downward trend line resistance at 69,200. This is the last point where shorts can be made in the short term.

Subsequent market prediction:

If the subsequent market is to decline unilaterally, then tonight to tomorrow, Bitcoin must break above 69,200 to trigger stop losses on short positions, but it will not reach 71,600. Because 71,600 is a signal point for a previous reversal and decline. If it can go up to that position, the area between 71,800-72,100 is the top range, where many short positions will still enter, directly trapping them.

So now the thought process is clear: it will break 69,200, but will not touch 71,600. We can choose to operate in the middle position.

Short at 70,500-70,800, with a stop loss at 71,600. Once it reaches 71,800, no more shorts can be made.

If the market does not give the position to short at 70,500-70,800, then after breaking above 69,200, we will wait for it to drop back to 69,200-68,800 to enter short.

Lastly, I want to mention that don’t think about bottom-fishing Ethereum. The bottom for Ethereum is too obvious. You are still fantasizing about Ethereum catching up, giving a chance for a rebound, and hope for bottom-fishing, but the result will only bury those who try to bottom-fish.

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