2024.10.4 Market Analysis Record

Oct 4, 2024136

AI Translation

This post is translated from Chinese into English through AI.View Original

AI-generated summary

The author has been analyzing cryptocurrency trends, noting a support level at 3250, with a potential drop to that point before rebounding near 2800. They anticipate a significant market surge after the U.S. elections in November and a potential spike at the start of the Chinese stock market post-National Day. The author expresses concern about the long-term economic downturn and questions whether the stock market gains will effectively stimulate domestic consumption, as most profits may go to middle-class investors engaged in trading.

I've been playing with cryptocurrency for a while. I record daily analyses for review to see how accurate I am.
The support is at 3250 below. It is expected to drop to here at most. If it breaks down further, I don't know if it will be 2000 or 1600.
There will be a rebound when it approaches 2800. After the U.S. elections in November, there will be a big surge.
The stock market is expected to skyrocket when it opens during the National Day holiday. Many people hope for a lifeline due to the long-term economic downturn, and the sentiment is very crazy. It is expected to surge in a very short time and then consolidate sideways. Once the Americans finish cutting interest rates, it will take some time before it drops again. This wave of increase should be to prevent Americans from bottom-fishing domestic assets while also stimulating domestic consumption. I just don't quite understand that most of the money in the stock market will be eaten by the middle class who trade stocks. Does this really help stimulate demand?