Only one day left! The results of the election between Trump and Harris will be announced tomorrow. Can Trump win this time? After looking at these data today, you'll understand everything!
So, should we buy the dip now? And how are the whales operating? Let's take a look with Shu Qin.
First of all, both sides' election situations have undergone significant changes.
In this election, a mysterious force suddenly emerged to support Harris, comprising single women who make up 20% of the electorate. This is mainly due to Trump's previous abortion laws that banned abortions, which is difficult for some college students, high school students, and working women who accidentally become pregnant to accept.
Therefore, single women, who hold 20% of the voting rights, are increasingly favoring Harris. How serious is this situation? It has even managed to sway the deep red state of Iowa, with polls now showing Harris in the lead. My goodness, a staunch Republican state has been flipped, which is a huge blow to Trump's camp.
But the mysterious force is not only with Harris; Trump has it too. Just look at the picture.
The intelligence agency Atlas, which was closest to the results of the last US election, has provided its latest survey data, showing that Trump has a considerable advantage in all seven swing states. If this turns out to be true, it could be the worst defeat for the Democratic Party.
However, individual data still appears somewhat pale. Let's take a look at the average results from major mainstream sources.
The following data is aggregated from the largest 15 polling agencies in the US, including well-known institutions like Forbes, CNN, The New York Times, and The Wall Street Journal. The average result from all their data shows that Trump is slightly leading Harris with 48.5% to 48.3%.
I think this data is more comprehensive, and there are even more left-leaning elements within it, so the real situation may not be as dire as it seems. The recent decline in the cryptocurrency market feels as if Trump is about to lose.
Additionally, you need to consider that the actual results of Trump's previous two elections were far higher than the polls. In 2016, he was significantly behind Hillary, yet he ultimately became president. In 2020, he was even 8% behind Biden, but the final results were very close.
This election will start voting tonight, and the results will come out around Wednesday afternoon, which is only a day's time. Even if Trump unfortunately loses, the cryptocurrency market won't drop too much because it has already declined significantly in advance, creating a certain psychological expectation.
If Harris indeed comes to power, it will actually be good for the cryptocurrency market because, as we analyzed before, the Democratic Party is very fond of distributing benefits and stimulating the economy. The previous bull market in the cryptocurrency sector started after Biden took office, rising from 13,000 to 60,000, so I can actually accept either of them winning.
If you want to make money in the cryptocurrency market, you must buy low and sell high, rather than waiting for prices to rise before thinking about chasing. So it's perfectly fine to buy some spot at lower prices now; although you may not buy at the absolute bottom, it will still be relatively cheap.
The wise whales are implementing the principle of being greedy when others are fearful. This large holder bought another 4,000 ETH during the downturn in November, bringing their total Ethereum holdings to over 65,000, which is quite astonishing.
Right now, Ethereum holders are indeed panicking to the extreme, feeling hopeless. This actually presents a good buying opportunity. Buying when no one is paying attention and waiting for the market to start its rally at the end of the year will lead to significant gains. This is a certain event, and smart money buys in advance rather than waiting to chase after the price has risen.
Additionally, Shu Qin is paying attention to the flow of funds into Bitcoin ETFs, which remains quite healthy. Last week, Wall Street saw a net inflow of $2 billion, bringing the total scale of ETFs to $72 billion.
Bitcoin's total market value is just over one trillion, and in just six months since the ETF launch, Wall Street has almost bought 10% of the coins. If they get a few more years, they might really buy up all the Bitcoin.
So don't sell your precious chips to Wall Street at a low price, because there are only 21 million Bitcoins, making them extremely rare. In the future, it will reach $200,000, or even $500,000. So while you can still afford to buy one coin, hurry up and buy it to hold onto. You don't need more; buying this one for a lifetime is enough. You can pass it on to future generations, and perhaps they will become wealthy beyond imagination!
In the short term, Shu Qin advised everyone to buy the dip on Doge and various coins yesterday when it was still at 0.14, and today it has rebounded to 0.17, which is very nice. Last time, we sold Doge at 0.175, making a profit on both sides. I'm quite satisfied with that. For more operations, everyone can check out, as I update the points in real-time every day.
Okay, let's continue. Although the results of tomorrow's election are full of uncertainties, there has been good news from the Federal Reserve. Recently, employment data has dropped significantly, with the actual increase in employment only being 12,000, far below the normal expectation of 100,000. Therefore, the decrease in employment numbers paves the way for the Federal Reserve to inject liquidity to stimulate the economy.
This Friday, you can be 100% sure that the Federal Reserve will cut interest rates, and there will be another cut in December. There is no suspense at all. So this is similar to the quantitative easing cycle of 2020; the difference is that in 2020, due to the pandemic, it was a one-time cut of 150 basis points, whereas this time it will be a gradual reduction. It is expected to accumulate to a 200 basis point cut by mid-next year, which will be more significant than the cuts in 2020.
Moreover, this time it's the major economies like China, the US, and Europe all injecting liquidity together. Don't doubt it; the bull market may be late but will definitely arrive. It's just that the effects of this initial liquidity injection are not yet obvious, so everyone needs to be a bit more patient.
Another interesting piece of data is Bitcoin's hash rate. Although Bitcoin has not been able to break through its historical high recently, the hash rate has surpassed its previous high. Major institutions are secretly purchasing new mining machines, which is a very positive signal.
In general, the chances of Trump winning are quite high. If he wins, there will definitely be a sharp rise. If the Democrats win, they will stimulate the economy in various ways, which will lead to a long bull market in the cryptocurrency sector. I think this result is also acceptable. What do you think?
