BlackJack|Nov 02, 2026 03:51
It's still too early to determine if the Nasdaq's low on October 30th is the lowest point in the recent month's correction. However, the probability of the crypto market bottoming out at 76325 on October 30th is relatively high. I already bought 80% of my position on Friday. Sometimes, a close approximation of the bottom is enough. Compared to the target of over 90,000 or 100,000 for the next quarter, the difference between a bottom at 76xxx, 74xxx, or 72xxx isn't that significant.
This week, I'll focus on the US stock market performance after the election; next week, I'll focus on the US stock market performance after the CPI data release; and in the week mid-month, I'll focus on the US stock market performance after the Anthropic IPO and Nvidia's earnings report. Also, if crypto is to re-enter the major upward wave seen in August and September, several signs will appear simultaneously: Bitcoin's exchange rate against the Nasdaq needs to strengthen, ETH and Sol's exchange rates against BTC need to strengthen, and MSTR's exchange rate against Bitcoin will also continue to strengthen.
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