Today afternoon Beijing time, something big is coming. From the moment you opened your eyes today, it is destined to be a highly volatile day for Bitcoin. Who will ultimately win, Trump or Harris, is still not very clear, but whether in the prediction market or the small commodity market, there are strong indications showing that the probability of Trump winning is greater. Several swing states are gradually leaning towards Trump. In short, the results will be revealed in just a few hours; the key is to have our own trading strategy ready.
Let’s talk about the short term. Regardless of who wins, it could be a wild ride; it’s just a matter of whether it goes up first or down first. This will be similar to the movements in previous interest rate cut meetings. The internal logic is that the Republican Party pays more attention to current support for Bitcoin, while the Democratic Party will be more prudent in injecting liquidity in the long run. Therefore, the market will have repeated games, resulting in significant fluctuations, similar to how Powell's repetitive remarks after each interest rate decision send us future expectations. Old Yao expects that a single-sided market of +10% or more is unlikely to occur, so short-term trading should still be based on the range of major support and resistance levels for a higher success rate.
The resistance level is clearly at historical highs, while the support levels of 65000 and 60000 will bring significant buying pressure.
Regarding the future trend, it is self-evident that the trend is positive. If Trump wins, it could be a quick surge, followed by a sideways movement, and then another surge. If Harris wins, it might be sideways first, then a slow bull market. I am discussing this trend on a monthly basis. Regardless of who wins, it will only change the process, not the result, which is closely related to the governance strategies and directions of both parties. The future will not be static.
The election could directly trigger a bull market! 5 cryptocurrencies most likely to explode 20 times first!
SHIB
Shiba Inu is a memecoin based on Ethereum, inspired by Dogecoin. It was launched in August 2020 by an anonymous user Ryoshi, with an initial supply of one quadrillion tokens, half of which were sent to Vitalik Buterin. Buterin donated a large portion to charity and burned 40% of the total supply, enhancing SHIB's visibility. Unlike Dogecoin, SHIB runs on Ethereum and supports applications like the decentralized exchange ShibaSwap. SHIB is not just a Doge imitation; it possesses a unique ecosystem, with ShibaSwap and NFT platforms set to launch soon!
PEPE
PEPE is a deflationary memecoin launched on the Ethereum network, inspired by the Pepe the Frog meme. It tries to emulate the success of Shiba Inu and Dogecoin, but differs in that it has no transaction tax and lacks utility as a pure memecoin. By mid-2023, PEPE's market capitalization peaked at $1.6 billion, sparking a frenzy in the memecoin space. A deflationary meme coin inspired by Pepe the Frog, enhancing stability through a burning mechanism, gradually becoming a darling of social media.
BONK
BONK is a memecoin built on the Solana blockchain, featuring a Shiba Inu mascot. It aims to empower the Solana community by shifting power away from venture capital tokens. After being listed on Coinbase, BONK soared over 100%. It is a community token, with 50% of its supply airdropped to participants in Solana's NFT and DeFi sectors. A Shiba Inu meme coin based on the Solana blockchain, enhancing the influence of the Solana community, becoming an emerging force.
WIF
WIF is a new meme coin on the Solana blockchain, inspired by the viral Dogwifhat meme. It joins the trend of dog-themed tokens in the crypto space. Meme coins like WIF focus on community and fun, often gaining popularity through Internet memes. A newcomer in the dog crypto world, quickly attracting the attention of the crypto market through viral spread and community-driven initiatives.
DOGE
Dogecoin was launched in 2013 as a fun alternative to traditional digital currencies. Its logo features a Shiba Inu from Internet memes. Unlike Bitcoin, which has a limited supply, Dogecoin has no maximum supply, with new coins mined every minute. From Internet joke to wealth myth, the legendary journey of Dogecoin continues, with expectations of another surge in 2024!
Today afternoon Beijing time, something big is coming. From the moment you opened your eyes today, it is destined to be a highly volatile day for Bitcoin. Who will ultimately win, Trump or Harris, is still not very clear, but whether in the prediction market or the small commodity market, there are strong indications showing that the probability of Trump winning is greater. Several swing states are gradually leaning towards Trump. In short, the results will be revealed in just a few hours; the key is to have our own trading strategy ready.
Let’s talk about the short term. Regardless of who wins, it could be a wild ride; it’s just a matter of whether it goes up first or down first. This will be similar to the movements in previous interest rate cut meetings. The internal logic is that the Republican Party pays more attention to current support for Bitcoin, while the Democratic Party will be more prudent in injecting liquidity in the long run. Therefore, the market will have repeated games, resulting in significant fluctuations, similar to how Powell's repetitive remarks after each interest rate decision send us future expectations. Old Yao expects that a single-sided market of +10% or more is unlikely to occur, so short-term trading should still be based on the range of major support and resistance levels for a higher success rate.
The resistance level is clearly at historical highs, while the support levels of 65000 and 60000 will bring significant buying pressure.
Regarding the future trend, it is self-evident that the trend is positive. If Trump wins, it could be a quick surge, followed by a sideways movement, and then another surge. If Harris wins, it might be sideways first, then a slow bull market. I am discussing this trend on a monthly basis. Regardless of who wins, it will only change the process, not the result, which is closely related to the governance strategies and directions of both parties. The future will not be static.
The election could directly trigger a bull market! 5 cryptocurrencies most likely to explode 20 times first!
SHIB
Shiba Inu is a memecoin based on Ethereum, inspired by Dogecoin. It was launched in August 2020 by an anonymous user Ryoshi, with an initial supply of one quadrillion tokens, half of which were sent to Vitalik Buterin. Buterin donated a large portion to charity and burned 40% of the total supply, enhancing SHIB's visibility. Unlike Dogecoin, SHIB runs on Ethereum and supports applications like the decentralized exchange ShibaSwap. SHIB is not just a Doge imitation; it possesses a unique ecosystem, with ShibaSwap and NFT platforms set to launch soon!
PEPE
PEPE is a deflationary memecoin launched on the Ethereum network, inspired by the Pepe the Frog meme. It tries to emulate the success of Shiba Inu and Dogecoin, but differs in that it has no transaction tax and lacks utility as a pure memecoin. By mid-2023, PEPE's market capitalization peaked at $1.6 billion, sparking a frenzy in the memecoin space. A deflationary meme coin inspired by Pepe the Frog, enhancing stability through a burning mechanism, gradually becoming a darling of social media.
BONK
BONK is a memecoin built on the Solana blockchain, featuring a Shiba Inu mascot. It aims to empower the Solana community by shifting power away from venture capital tokens. After being listed on Coinbase, BONK soared over 100%. It is a community token, with 50% of its supply airdropped to participants in Solana's NFT and DeFi sectors. A Shiba Inu meme coin based on the Solana blockchain, enhancing the influence of the Solana community, becoming an emerging force.
WIF
WIF is a new meme coin on the Solana blockchain, inspired by the viral Dogwifhat meme. It joins the trend of dog-themed tokens in the crypto space. Meme coins like WIF focus on community and fun, often gaining popularity through Internet memes. A newcomer in the dog crypto world, quickly attracting the attention of the crypto market through viral spread and community-driven initiatives.
DOGE
Dogecoin was launched in 2013 as a fun alternative to traditional digital currencies. Its logo features a Shiba Inu from Internet memes. Unlike Bitcoin, which has a limited supply, Dogecoin has no maximum supply, with new coins mined every minute. From Internet joke to wealth myth, the legendary journey of Dogecoin continues, with expectations of another surge in 2024!
