A bullish candlestick chart hits a new historical high, and some strong altcoins also reach new short-term highs. A bull market is always a bull market for the few!!!
Of course, a huge positive in this round is that Trump has been elected.
The US is starting to build momentum, wanting to use cryptocurrency to consolidate financial hegemony from a new perspective. Blockchain is expected to be widely applied, and Finance 2.0 is on the horizon.
The so-called establishment of a Bitcoin strategic reserve aims to alleviate the debt burden. In simple terms, it means laying out plans to control the upstream and downstream industrial chain. The US government is stepping in to trade cryptocurrencies for profit, leveraging its first-mover advantage and existing financial strengths, forcing other countries to follow suit.
The underlying energy may be enough to excite every participant in the crypto space to the point of sleeplessness.
But this is also where the danger lies; one can have the wildest dreams, but must also create the most sober trading plans.
Surviving in the crypto market is never short of opportunities, but it is taboo to let one’s head get hot and go all in, losing all chips.
The chart below is one of the profit charts from a fan group trading. This fan started trading contracts with me last month, and in less than a month, their position has multiplied by 7-8 times. Friends who are currently confused and lack direction in trading, comment 111.