I would like to remind everyone to firmly hold the chips in hand and seize the opportunity to buy at the bottom. Today marks the moment of harvest. It has been proven that precise analysis aligns perfectly with market trends, and the cryptocurrency market has indeed begun a powerful counterattack.
Today, BTC mining has seen a surge in computing power, reaching a historical high of 1000 EH/s, which is actually twice the value from a year ago. The continuous rise in computing power indicates that the number of people participating in mining is increasing, and the cost for miners to acquire BTC is also rising significantly, which undoubtedly provides strong support for the increase in coin prices. According to accurate calculations from macromicro, the current cost for miners to acquire BTC is approximately $88,000.
When the price of BTC deviates significantly from the miners' cost, for example, when mining profit margins exceed 30% (current price around $113,000), BTC faces significant risks. Because miners are making substantial profits, they are likely to start selling their BTC.
Currently, BTC's MACD daily line has just formed a golden cross, which is just the beginning, and there is still enormous potential for further increases. Returning to historical highs is not difficult.
From a broader trend perspective, many favorable factors remain significant:
The Federal Reserve's interest rate reduction cycle continues, with an expected three rate cuts in 2025, possibly in March, June, and September.
Trump is about to take office. Although it is still uncertain whether the expectation of BTC being included in the national reserves will ultimately materialize, this expectation always exists.
From a long-term perspective, the consensus on BTC is continuously strengthening: on one hand, after Trump takes office, U.S. tariff policies will further exacerbate the trend of de-globalization, prompting other countries' central banks to consider buying BTC; on the other hand, the continuous expansion of debt pressure affects the credibility of the dollar, thereby highlighting the advantageous position of BTC.
I would like to remind everyone again to be patient and hold on, do not miss out, and do not short easily.
Trump will officially take office on January 20, 2025. Below are the coins related to the Trump sector:
RSR: New SEC Chairman Paul Atkins serves as an advisor to RSR.
ZRX and DYDX: New White House AI and crypto head Sachs serves as an advisor to ZRX, and his venture capital firm has invested in DYDX.
ENA, ONDO, LINK, AAVE, COW: Trump's world finance has acquired tokens such as ENA, ONDO, LINK, and AAVE through COW. DOGE: Government efficiency department Musk is expected to participate.
