The Bitcoin market is still focusing on the downward trend, with the latest low reaching 80574.1. If the prediction is accurate, there isn’t much to elaborate on; today, let's discuss some events that you may not have noticed, which could change the Bitcoin ecosystem in the future. On October 21, the Genius Law was officially released, outlining the implementation details for stablecoins, which will come into effect on January 18, 2027. In the earlier stages, it was mentioned that stablecoins would not affect short-term trends, and many friends did not focus their analysis on this news. What Old Cui is paying close attention to is the sudden announcement today that a goal for a national blockchain network has been set for 2030, which requires the deployment of blockchain in trade, finance, manufacturing, and agriculture, while maintaining the ban on cryptocurrencies. The interval between the announcement of the implementation time of the Genius Law details and our news release is only three days, making it very intriguing.

In China, there is a hierarchy that is emphasized, with trade being the top priority, followed by finance, and subsequently manufacturing and agriculture. Everyone must have a keen sense, as Old Cui sees that if integration occurs, the first step will definitely be for stablecoins to connect first. The domestic blockchain construction is independent of the Bitcoin network, and connecting to Bitcoin only requires one piece of code; it’s that simple. Stablecoins are also easier to understand. Since the inception of the Hong Kong license, the seal has gradually loosened, but this key must be kept within an absolutely secure framework. This means that future domestic divisions will completely isolate stablecoins from the cryptocurrency realm, yet stablecoins are essentially endorsing the cryptocurrency sector. As long as stablecoins still use cryptocurrency networks, the issuance of more corresponding tokens will become increasingly solid. In the next five years, domestic blockchain construction will become a trend; it just depends on whether you can realize this path. If possible, we can discuss it with Old Cui. (Personally, I currently have no intention to布局 domestically.)

The second issue worth noting is that the fear index of the US stock market has reached 20. According to cyclical patterns, it indeed should pull back; the market feedback is also quite direct, with the S&P 500 and the Dow Jones falling by 0.52% and 1.24%, respectively. Many friends who shorted Sandisk have finally seen profits. The core of the issue, as Old Cui mentioned earlier, revolves around the midterm elections, interest rate meetings, US debt risks, and breakthroughs in AI. The end of this year is indeed a concentrated explosion of contradictions, and the US stock market is considered an indicator of the cryptocurrency realm. The bearish news has not yet been officially implemented, and it is very likely that it will move in conjunction with the cryptocurrency sector. Just from the data, a handful of companies have already shown significant depth, while it is hard to forecast the overall market volatility. Establishing expectations for interest rate hikes certainly does not suggest a bull market, and shorting is not a big issue. Returning to the cryptocurrency realm, many friends see that after breaking 21, the new low is not far from the 80,000 mark, feeling quite anxious. You can rest assured that you will not miss this wave of market.

Old Cui summarizes: For contract users, remember our previous principle; this week's estimate is initially a range fluctuation between the 80,000 and 83,000 marks. At the same time, Old Cui's suggested strategy is also to short at 83,000 with a stop-loss above 85,000. Overall, the range operation has not been broken, especially as the low position remains very stable. This means that the current trend is still within the range, just with an increased scope of fluctuations. The trading volume during weekends is generally low, and lower prices are a normal phenomenon. Breaking this range requires waiting for decisions from the interest rate meeting, specifically the final wording from Waller; the core issue pertains to the decisions for next year—how many rate hikes will there be? As soon as this message is released, one can almost predict the trends for the first half of next year. Even if it breaks the 80,000 threshold at this stage, there are still lower levels ahead. Profits above 10,000 points still exist, so there is no need to worry too much. Friends who did not hold onto 82 and 83 should not rush to short at this stage; let’s see how the market moves before deciding. The previous strategy can still be continued; shorting is still not an issue. After breaking below 80,000, we will replan the next round of trends!

Original text from WeChat account: On-Chain Science. If you need help, you can contact directly.

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