$BTC 【Midterm election results meet expectations; Bitcoin, U.S. stocks, and gold all offer excellent buying-the-dip opportunities】
Bitcoin is around 78,400, gold is at 4,037, and QQQ is at 687.
After we advised fully exiting U.S. stocks, gold, and cryptocurrencies on October 28, the Binance hack black swan event happened the very next day, and we avoided it perfectly. Since then, we’ve repeatedly reminded everyone that if the market falls again around the midterm elections, it will be a great opportunity to buy the dip. We’re optimistic about a rebound after the election.
Bitcoin in particular: we’ve been saying recently that 75,500–76,500 is an excellent range to buy the dip, and that you can do so confidently. We’ve consistently shared the price structure shown in Figure 2, and the actual price action has matched it exactly.
For now, we still see Bitcoin reaching around 80,000–82,000 first. Our average entry price is around 76,000. We suggest taking half off the table around 80,000, and the other half around 81,800.
Gold $XAU : In the short term, first watch to see whether it can break above and hold 4,080, then look to 4,180.
Nasdaq $QQQ : In the short term, first watch to see whether it can break above and hold 700, then look to 720.
Stay tuned, and as always, we’ll stay on top of market movements!
Bitcoin is around 78,400, gold is at 4,037, and QQQ is at 687.
After we advised fully exiting U.S. stocks, gold, and cryptocurrencies on October 28, the Binance hack black swan event happened the very next day, and we avoided it perfectly. Since then, we’ve repeatedly reminded everyone that if the market falls again around the midterm elections, it will be a great opportunity to buy the dip. We’re optimistic about a rebound after the election.
Bitcoin in particular: we’ve been saying recently that 75,500–76,500 is an excellent range to buy the dip, and that you can do so confidently. We’ve consistently shared the price structure shown in Figure 2, and the actual price action has matched it exactly.
For now, we still see Bitcoin reaching around 80,000–82,000 first. Our average entry price is around 76,000. We suggest taking half off the table around 80,000, and the other half around 81,800.
Gold $XAU : In the short term, first watch to see whether it can break above and hold 4,080, then look to 4,180.
Nasdaq $QQQ : In the short term, first watch to see whether it can break above and hold 700, then look to 720.
Stay tuned, and as always, we’ll stay on top of market movements!
