Is Trump Really So Great for Bitcoin?
Judging from the existing answers, it is naturally yes. But what needs to be clear is that there is still more than a month before Trump actually moves into the White House.
Before the general election, we once discussed the market in Bitcoin, when the price was still brewing a breakthrough below 70,000. "There is not much time left for the bulls" was the main judgment at the time. Because structurally speaking, the adjustment cycle is completely sufficient and sufficient for more than half a year, and that price position, whether it is Harris or Trump, will push for a breakthrough.
Then sure enough, the bulls made the final breakthrough. Of course, it must be admitted that after the election results were released, this short-squeeze rise still exceeded expectations. Previously, the high point tended to be around 94,000, but in just one month, 100,000 has become history.
According to the latest changes, the price height and target will naturally be adjusted. With the appearance of a big cross star in early December, periodic corrections and tug-of-war may appear, and this high point is expected to be the main rising high point of this wave of market.
According to this positioning, it can be calculated that the space for the last wave of upside in the future will be around 30,000-33,400. In this way, as long as the pullback low can also be located, a "top"/bull-to-bear level similar to the gold high can be inferred. Calculated based on the Grand Doji low of 90,500, 12.5 W will be the target level. Assuming that it goes out of the platform low point in the future, then this position will still be valid, and if the zigzag correction drops to around 8.6 W, the final high will be around 12W. In other words, $12W will be the ultimate goal. Of course, there are many opinions in the market, claiming 20W or even 100W, but we still mainly calculate according to the technical form of the structure.
After understanding this situation, if we deduce according to time, once Trump officially takes office and is just close to the price, then the so-called benefits may have been realized in advance, leaving the market only to sell the news. From the perspective of political games, continuously pushing up asset prices at the beginning of the general election term can only dig holes for the Republican Party itself.
From a perspective, waiting for a good opportunity and enjoying the last round of rising market and finally shipping at a high point will be the main direction in the near future. The possibility of a deep pullback/retracement is unlikely, and we can only look forward to clearing the burr market of leverage during the session to obtain a better entry price. As long as the medium and long-term support of 74,000/66,000 is intact, the current trend will not be reversed. Finally, it should be noted that the encryption market itself is highly volatile and uncertain, so you must proceed from your actual situation and do what you can. If you are not familiar with it, you will not be able to watch it. If you are familiar with it, you should remain relatively rational and not be bothered by the voices of other investors in the market.
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