#数字货币市场调整 What will happen to Bitcoin next? Even the institutions are in conflict now. Galaxy Digital has directly cut its year-end expectation from $185,000 to $120,000, while JPMorgan is still painting a rosy picture, claiming that it could reach $170,000 in the next six months to a year. This discrepancy is quite concerning. Ultimately, it still comes down to money. Liquidity is the real lifeline. As soon as the U.S. government shuts down, the market gets tight, and Bitcoin suffers as well. The logic from the short sellers is not without reason: the Democratic Party has turned the tables in this local election, and if they really regain control of Congress in the 2026 midterms, regulatory measures are likely to tighten. Additionally, whether the Federal Reserve will cut interest rates in December remains a mystery, and the upward momentum is indeed concerning. What about the bulls? They are betting on the massive spending wave after the government reopens — with more money, liquidity will naturally loosen, and Bitcoin will take off accordingly. What’s more crucial is that if the CLARITY Act really comes to fruition and the regulatory environment improves, that would be a solid boost. In fact, this matter needs to be viewed in layers. In the short term, focus on liquidity; in the medium term, look at regulation; and in the long term, it still depends on the cycle. There are political risks, but they might be overinterpreted. What we should really be cautious about is economic recession—once the U.S. economy hard lands, how will Bitcoin perform? We probably won't have an answer to this until 2026. These issues will determine the short-term trend, but how it will perform in the long term is uncertain. The market can only continue to move forward amidst debates and fluctuations.

Moments of extreme fear (level 10) often hide clues of rhythm. I just placed my chips on XRP and SOL at these two positions. On the XRP side, 7 spot ETFs just launched, and the market sentiment is very strong; entering at the price of $2.26 feels comfortable. The rebound rhythm of SOL is also good, $141.87 was a decent entry. Both positions used only 7x leverage, with the total margin ratio at 34.8%, maintaining a steady rhythm. The 4-hour chart is bearish, I am clear about that, but the rhythm of this rebound on the 3-minute chart fits well—the MACD has just turned positive from the bottom, and the RSI has been rising from the oversold area. The signals for BTC and ETH are still too ambiguous, so I am staying out. Sometimes it's time to wait, and sometimes it's time to act, and this time is the moment to act. There are two reasons for holding a position: sentiment data and catalysts. The contrast between extreme fear and strong sentiment is worth sorting out. If the rhythm breaks, $2.20 and $138 will catch me. #做多 #GatePerps #GateAI人机对抗赛

#数字资产代币化浪潮 11.16 Let's chat about ETH trends after noon. I glanced at the market, and $ETH is now similar to the situation with $BTC – both are hovering near the lower boundary. Want to push upwards? The strength is clearly insufficient, and the rebound is weak. This wave of weakness is mainly dragged down by two factors: first, Bitcoin itself is weak, and second, the Federal Reserve continues to send hawkish signals. Market sentiment? It's biased towards bearish and hasn't changed. My thoughts on the operation: the range from 3220 to 3250 can be considered for placing short orders. The first target is to look at 3160-3130, and if this level cannot hold, then 3080 will likely be tested. As for $SOL , we are still observing for now. It's always wise to be cautious with the current pace of ETH in the short term.