Two Scenarios After the Election!!!
Let's talk about the possible situations after the election results. If Trump wins, it will be a long-term super positive for the entire cryptocurrency market. At that time, Bitcoin is likely to directly reverse in a V shape, certainly breaking the previous high of 73,000, and even reaching 75,000 or even 80,000. This will become an important driving force for Bitcoin to push towards 100,000 in the next two to three months, rather than the market's perception that positive news has been exhausted. The current early pullback is merely institutions and whales taking profits and hedging in the short term.
If Harris wins, the situation will turn negative. Bitcoin may quickly drop to 62,000, 60,000, or even 58,000. It may only be possible to pull back to 68,000 to 70,000 around the interest rate cut this month. In that case, whether this year can break the previous high becomes quite uncertain. Bitcoin was originally expected to reach 100,000 this year, but if a bad situation occurs, meaning this round of the market is completely over, Bitcoin would form a double top pattern around 73,000. However, based on historical data analysis, there is usually a market trend from November to February every year. Although it seems like a futile effort, the outcome has never changed. If Harris wins, there may be more topics for speculation, continuously promoting that Harris provides various supports to the cryptocurrency market, combined with the upcoming interest rate cuts, it can similarly release a positive situation. Bitcoin can still break the previous high of 73,000, reaching 75,000 or even 80,000, thereby achieving the goal of Bitcoin reaching 100,000. Therefore, whether it is the temporary negativity brought by Harris's victory leading to a Bitcoin drop or the accelerated rise after Trump's victory, the key is whether you have enough chips in hand. Currently, it is not recommended to hold high leverage positions, otherwise, with market fluctuations, you may risk going to zero.
