Friends in the crypto world should be cautious these days!
If Trump wins, Bitcoin's market will experience an epic surge, but I'm afraid the whole world will know that BTC is going up, so retail investors might recklessly go all in, and in the end, they could be played.
If Harris wins, Bitcoin will likely face a sharp decline in the short term, but I'm afraid the whole world will know that Bitcoin is going down, so retail investors might recklessly short-sell, and the possible trend could be to first clear the shorts and then drop.
According to the logic of the market makers, here are the two key points:
First point: If Trump wins, it will be a drop followed by a rise.
Second point: If Harris wins, it will be a rise followed by a drop.
You need to remember the following significant event timelines:
November 5th at 7 PM (Tuesday) in UTC+8, the voting election will officially take place.
November 6th from 8 AM to 11 AM (Wednesday) in UTC+8, the counting results will basically be completed, and the preliminary confirmed winners may be reported by various media.
November 8th at 3 AM (Thursday) in UTC+8, the Federal Reserve will announce its interest rate decision (significant rate cut?)