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Trading is all about being in the moment, singing the song that suits the occasion. Who is buying BTC at 95,000? BTC keeps rising, and even from the perspective of the daily candlestick divergence, it is still continuing to pump. Who is buying BTC? Who is secretly going long? Everyone is curious about how long this pump can last. As BTC approaches $100,000, it also implies that funds from the West are flowing into cryptocurrency, which will have a profound impact on the global economic landscape. If this trend continues, it will challenge the core of the existing financial system - the status of the US dollar. With funds pouring into the encryption market, it should not be difficult for BTC to break through $100,000 in less than 10 days in November 2024.
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Intraday saw a lot of coins with a Depth adjustment. Only BTC was quietly pumping while most coins had a slight adjustment. Ethereum is terrifying, still hovering around $3,000. It's okay for BTC to suck blood in this Altcoin market, but the fundamental issue is the frequent unlocking, which increases the market's Circulating Supply. The delisting from time to time has caused many Tied Up investors to drop to zero, including major institutional investors who don't know which coin will be delisted tomorrow. Additionally, the proliferation of project parties issuing coins and the influx of new coins on the Primary Market and Secondary Market in the 2024 crypto market all follow the pattern of Clip Coupons and Be Played for Suckers. Therefore, the 2024 crypto market is a test of your cognitive ability, experience, skills, vision, and circle. Especially, you must remember: people can never earn money beyond their own cognition!
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We have seen a lot of Whipsaw before, only when BTC is at a premium during the pump process, will Altcoin and Mainstream Token pump. However, in this wave, a BTC is unique in the market, indicating that it has not yet reached a premium, so BTC is very likely to surge to $120,000. The altcoin season, I believe, is coming soon. It would be better if BTC pulls back in this wave, but there is no sign of a pullback now, still choosing to oscillate at a high level. The Whipsaw action is very obvious now. We cannot change the trend of the market, all we can do is to follow the trend, either hold the currency to wait for the trend to progress or watch from the shore in a Short Position!