Bitcoin is going crazy! Breaking through 35,000! USDT total market value breaks record high, bull market has started!

Will there be another opportunity to buy at the bottom in the future?

The TRB market maker has made a move again. Is it going long or short this time?

The next Bitcoin ETF resolution is coming soon. Will it pass this time? Let's follow Shuqin to find out.

First, let's talk about the market trend that everyone is most concerned about, and see what the current situation is. Then we still analyze from two angles, namely the K-line model and on-chain data.

If we look at the K-line, Shuqin said in yesterday's program that as long as it can break through the 32,000 at the top, it can immediately break through and go long. Because after the breakthrough, it will make all the negative news, no matter what the head and shoulders top or the C wave decline, because it has broken the highest point of this year! It will continue to be bullish in the future, and maybe it will reach 40,000 by the end of the year!

Look at all these Us being transferred from cold wallets to exchanges to buy at the bottom. It's really exaggerated!

In addition to the K-line, what is the real on-chain data behind it? Are big investors entering the market?

Everyone look at the picture.

Ah, the result is actually very obvious. Not many smart money are chasing high prices. Ah, come to think of it, smart money always buys low and sells high.

If you look at the previous bottoms, it was very obvious that big funds entered the market. They had already built positions at the bottom! Those who are entering the market now are all retail investors.

Shuqin likes to follow the market maker. I just look at the data of the big investors. If they don’t enter the market now, then I won’t enter the market either. I used to buy the bottom with them when the price was 25,000, so it doesn’t make sense for me to chase the high now, right?

Now the most I can do is to invest a small amount every day, and then consider investing again when there is a pullback.

If you had seen what I posted before, you wouldn’t have to worry about buying at the bottom now, you would have made a profit instead.

But to be honest, although normal big investors have no interest in chasing high prices.

But those industry leaders, like Changpeng Zhao or Justin Sun, who run exchanges, definitely hope that the market can pick up. Otherwise, if there is no big bull market later and people lose interest, it will be difficult for them to do business. Therefore, they definitely have the motivation to pull up the market.

So even though smart money does not chase high prices, these market makers are motivated to push up the market and break the head and shoulders top pattern mentioned earlier, thus forming an upward channel. This should not be difficult for them.

As for small currencies, everyone still remembers TRB, which has had new developments recently.

Previously, when it was 50, we saw several dealers on the chain building positions, so we followed them in. It was really a windfall, and we reaped a lot of rewards. But now Shuqin saw some big players leaving the market, so I think we can actually consider leaving with them. Even the more aggressive Baozi can try a small double short. See, this operation of following the dealer is like turning on the cheat.

So as you can see, these data are really important. Shuqin updates them in the group every day. There are many opportunities to operate every day. Those who are interested can take a look~

Okay, let’s look at some important data next.

The first is the decision time for the BTC spot ETF applied for by major institutions.

It is divided into four rounds. The result of the second round of resolution of the SEC has come out recently. I believe everyone has seen that the decision to extend the period is maintained. However, BlackRock released the news that they are very likely to get approval next time, which directly made the market crazy!

Now everyone’s attention has shifted to the next, or the third, round of response from the SEC. It will respond to Ark Fund’s ETF application on November 11 at the latest, so everyone can pay attention.

However, Shuqin thinks that the third round will most likely be postponed, so there may be a small wave of negative news on that day. The real moment of truth should be the last round, which is January 10 next year.

Because the SEC can postpone the decision in the previous rounds, it doesn’t make much sense. But in the final round, the SEC must give a positive answer, either approval or rejection, and there will be no more postponement or reconsideration, so the beginning of next year is really critical.

Another exciting news is that the issuance of USDT hit a record high of 84.1 billion, which really surprised Shuqin. Because this is higher than the bull market in 21 years, and BTC was at nearly 70,000 at that time, so from the total supply of U, it may be a piece of cake for Bitcoin to reach 40,000 now.

However, in the short term, many large investors are taking profits, so the two offset each other and the overall buying is not particularly prominent. But you have to know that this is only in the short term. In the long term, with so many U investors entering the market, the price of Bitcoin will definitely not be suppressed. For example, Robert Kiyosaki recently said that Bitcoin will gradually go bullish, and this bull market will reach 135,000 US dollars!

This was by no means an exaggeration. Shuqin even felt that what he said was a bit conservative.

So everyone should take action quickly, take a look at the market more often, and operate with Benqin, so as to accumulate more capital. Once the bull market comes, you can actually achieve financial freedom in 2025. The future is really promising!

Okay, that’s all for today’s program. Please follow us and we’ll fly together next year!

Bye~