Many people currently believe that if Trump is elected, it will be a bull market, while if Harris is elected, it will be a bear market. I think this is unlikely; the election results don’t have that much influence. Trump supports cryptocurrency mainly to garner votes; BTC is a risky asset, and he cannot harness the whole country's power to vigorously develop it once in office. Harris is just a puppet, and besides, Bitcoin ETFs were approved while the Democrats were in power, so her election wouldn't necessarily lead to a bear market.
When the news first came out, it was when everyone had 'expectations'; once the results are confirmed, the impact will not be significant. Personally, I believe the future market is a bull market, but it needs to go through a wave of consolidation. A 10% rise in Bitcoin liquidation can clear 1.6 billion shorts, and a 10% drop can clear over 3.4 billion longs. With this long-short ratio, it’s hard to suddenly kick off a bull market. However, considering the last bull market process, Bitcoin's market share, and interest rate cut cycles, it's highly likely to still be a bull market. Right now, it’s just a standard consolidation phase. CZ has also said that according to the cycle, Bitcoin could reach new highs in 2025. Personally, I think this market needs to drop first for a washout, then oscillate for half a month, and then rise again. #美国大选后涨或跌？ #比特币矿工收入飙升 #美联储利率决议来袭 #11月市场预测 #美国选情僵持