The launch of a market trend is followed by several days of silence; for three consecutive days, fluctuations have generally remained around 2000 points, including today, which is closely related to the weekend. Old Cui also finds it quite boring; that's how the market is. Many friends have seen Old Cui's previous slogan, 74000 or the 60000 level, and a point of concern is when will the time be satisfied? In fact, it's not far off; the latest negative news will come with the announcement of the election results on November 3rd, Eastern Time, where on-site votes will be quickly counted, and media will gradually report on some of the seats; if the election is one-sided, the control of the Congress can be judged that evening. Even if the vote count is close, the market will almost certainly move on that day. For everyone, this is currently a stage of considering entry positions, which is easy to judge; the earlier new high position has not reached 79000, and a prudent approach is to wait for this position to return, while a more aggressive stance could consider around 78000.

There are also very clever users who, after issues arose on Binance, chose to short BNB immediately; Old Cui did not mention this because BNB itself is not part of Old Cui’s investment plan, and regardless of any events, Old Cui does not intervene. Previously, discussions about BNB have indicated its value strongly recommended to buy between 300-400; however, the current price has exceeded Old Cui’s expectations, and whether bullish or bearish, Old Cui will not focus too much energy on this cryptocurrency. Not buying does not mean it lacks value, but the returns may not be very high, and shorting entails enormous risks, akin to opposing Binance directly. If anyone makes judgments in this regard, they can operate, especially given this extremely negative news, one can try to short but should avoid mid-line trading. Such news on any platform may lead to halving coin prices, but Binance's drop depth is still less than 100 points, indicating that the platform values the tokens strongly; subsequent declines can only be assessed based on the overall market depth.

In Old Cui's view, hacker attacks are not necessarily significant negative news. At least at this stage, some people have begun to question Binance's asset allocation issues, and Binance has also responded, stating that after the other altcoin assets are supplemented, they will provide reserve proof again. The platform is similar to banks; questioning is naturally reasonable, at least due to this incident, in the future, regular asset clearing and announcements will be conducted concerning this area. Of course, BNB will also conform to the overarching market trend, with a high probability of reversing previous declines. Currently, as long as it follows the market trends, it will almost certainly head downwards, without exception. Old Cui's core investment philosophy does not favor these types of coins, especially due to the risks associated with shorting. If future negotiations coincide with the opening of other markets, it will have a certain impact on mid-line trends; for now, shorting Bitcoin and Ethereum remains more stable.

Old Cui summarizes: At the time of writing this article, the coin price had not yet touched 78000, but while writing, the market had already surpassed this position, and similarly, Old Cui's judgment has not changed at all. With a certain recovery capacity, there will definitely not be a strong counterattack from the bulls. Those wishing to short need not worry too much; just set proper take-profit and stop-loss levels; the recent fluctuations of U.S. stocks have been quite interesting, almost immediately dropping after earnings reports, feeling as if they are under a curse, so everyone be cautious. To share Old Cui's speculation, the estimated price of Ethereum, during this trend cycle, surely can still see a 2000 below starting with 1. Finally, for spot traders, upon reaching certain positions, it is essential to acquire some chips. Do not wait; even with such price volatility, Old Cui will not eye new lows. In terms of the interest rate hike cycle, 2027 is expected to remain in a state of interest rate hikes all year; the position of new lows may erupt between March and May; this is the worst estimation. For spot users, it is crucial to arrange your positions ahead of time.

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