$BTC
Hello everyone, I am the spirit of poetry.
Yesterday I provided a point which is my replenishment point, and also an entry point for brothers who do not have long positions, at the large coin position of 66750, which reached a minimum of 66810, very narrowly missing it, but some brothers entered and made three thousand points.
I still believe that the probability of Trump being elected is high. If Trump is elected, it will be positive for cryptocurrencies, gold, silver, chips, high-tech industry stocks, etc., this is the Trump trade.
Furthermore, there is a high probability that the Federal Reserve will cut interest rates by 25 basis points, which will also be positive for cryptocurrencies, positive for gold, and positive for the global financial market.
If Harris is elected, there will definitely be strong selling pressure in the short term, and the price of the large coin will also be hindered and drop. If Trump is elected, the token that will rise the most will definitely be the Dogecoin; if he loses, the token that will drop the most will also be the Dogecoin.
Technical analysis: Just now, there was a brief spike breaking through 70000 on the four-hour chart, reaching a maximum of 70300. Looking at the daily chart, 66810 might be the lowest point, and the subsequent extension of the fifth wave in the five-wave structure (the highest point wave) might appear along with subsequent favorable factors such as the election and interest rate cuts, so I have always been bullish on the large coin and consider myself part of the Trump trade.
Since I didn’t replenish my position yesterday, there is no need to do so anymore; continue to hold half of your usual position in long trades. If Trump is elected, along with favorable expectations, the daily wave structure of the large coin could see new highs at 74000.
Brothers betting on Doge must pay attention to risk control!