November will undoubtedly be remembered as an important turning point! ! !
The U.S. election, a political event that draws global attention, often has far-reaching effects on the global economic landscape. The 2024 election is no exception; it is not just a contest between two candidates, but also a barometer of market sentiment.
As the election day approaches, market uncertainty is quietly increasing. Recently, Harris's approval ratings have risen, which has led the market to worry about the risk of Trump possibly facing defeat.
For those of us in the crypto space, we might be able to step outside traditional political perspectives and see broader market opportunities behind the election.
Regardless of who eventually wins, the policy direction of the new U.S. government will have significant impacts on the global economy.
Recently, the crypto market has experienced a wave of correction, with Bitcoin prices fluctuating around $69,500.
The reasons for this correction, in addition to the uncertainty of the election, are also related to market expectations for future economic policies.
Just as every market fluctuation comes with opportunities, the current correction may be a good time to position for the future.
In the campaign between Trump and Harris, I personally tend to believe that Trump has a higher probability of being elected.
As a president with a business background, Trump's keen insight into the economy and decisive decision-making during his tenure undoubtedly laid a solid foundation for the previous bull market. His policy tendencies and business mindset have brought more attention and support to the emerging field of cryptocurrency.
In addition to the election, November also bears the news of a second interest rate cut. This policy adjustment will undoubtedly have significant impacts on the global economy and will bring new opportunities and challenges to the crypto market.
At the same time, as we approach 2025, the market is also preparing for a new economic cycle.
In this month full of variables, every day's market news could become the spark that ignites a bull market or triggers a correction.
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It's still the same saying: Bulls have their strategies, bears have their play styles.
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