After the Black Swan event at Binance, market sentiment has grown even more bearish. Those still bullish are now few and far between, but I maintain the same view as before: I still believe we are in a bull market. The last time I urged everyone to go all-in was in mid-September, when two major negative factors—the failure of the bill to pass and Japan’s interest rate hike—failed to move Bitcoin, which remained stuck around $76K. You’ll notice that no matter how severe the negative news, the price continues to inch upward slowly— this is a hallmark of the early bull market phase, nearly identical to what we saw in early 2023. I just saw that Target哥 also remains bullish. Binance is still currently suspending withdrawals; his view is that once Binance restores withdrawals and compensates users, the price will surge again. In a few days, the U.S. midterm elections will take place, and the outcome will very likely influence the direction of both the stock market and crypto. Especially since Trump is now somewhat aligned with the crypto space, there will likely be significant volatility in the one to two days leading up to the election. I’ve previously mentioned that stock markets tend to be highly volatile before elections; now that all that pressure has been released, I remain very optimistic about November’s market outlook. Don’t open excessive leverage and get liquidated—just stay calm and level-headed. Especially given that after Binance’s Black Swan event, Bitcoin only dropped about 5%—it’s almost miraculous. No matter how severe the negative news, it can’t shake the price; when a solid positive catalyst eventually arrives, it will launch straight up.