Around 3 PM Beijing time on November 6, the highly anticipated results of the U.S. presidential election have concluded. The Republican candidate and former President Trump, who has publicly supported cryptocurrency, is leading Harris by a margin of 277 votes and has secured the key state of Pennsylvania, successfully obtaining the opportunity to take office as the next president.
At the same time, Bitcoin reached a high of $75,656 around 11:05 AM this morning, once again setting a new historical high. However, as of the time of writing, the price has slightly retreated, possibly due to profit-taking by whales, with the current quote at $73,747, an increase of about 8.8% in the last 24 hours.
With the U.S. election results announced, the Federal Reserve is also set to announce the November interest rate decision this Friday, and market volatility is expected to surge between November 5 and 8.
In terms of market analysis, Daxian will not make specific analyses for the next few days. Please be alert to downward corrections after price spikes, with 72300 as the bottom support point. Buy on dips, set a stop loss at 71800, target 74900-75500.
Writing time: (2024-11-06, 17:50)
(Writer - Daxian Talks Coins) hereby declares: The online publication has a delay, and the above suggestions are for reference only. The author is dedicated to research and analysis in the investment fields of Bitcoin, Ethereum, altcoins, foreign exchange, stocks, etc., with years of experience in the financial markets and rich practical operation experience. Investing carries risks, and one should be cautious when entering the market. For more real-time market analysis, please follow Daxian Talks Coins for discussions and exchanges.#BTC创历史新高
