11.6 Trump elected, bull market starts, Federal Reserve interest rate cut good news, bullish to 80,000

Due to the U.S. election, BTC is climbing sharply, breaking historical highs. Currently, most BTC short positions on exchanges have been liquidated. The cryptocurrency market needs new catalysts for further increases, and fortunately, the Federal Reserve's interest rate decision to cut rates will bring good news at 3 AM tomorrow.

Now everyone needs to calm down. Is it still safe to chase the rise?

Current operations need to be more cautious. My strategy is to wait for a pullback to go long, as this provides a better risk-reward ratio and greater opportunities for significant gains. I am still holding my long-term spot positions, and the short-term uncertainty will not affect the subsequent bull market's initiation. We are currently at the beginning of a global liquidity surge, and BTC is the starting point of a new wave of wealth creation, which I will firmly grasp.

The rise is definitely not over. BTC has two possible trajectories: First, there may be another surge tonight, followed by a pullback, and then continue to rise next week, forming an “N” shaped upward trend. Second, it may directly decline; currently, the one-hour double top at 75,000 is under pressure and falling back. We will wait for the pullback to clean up the bulls before reversing and starting to rise next week. Recent market operations have not been ideal; consult btc0796 to find me for market discussions.

Bitcoin pullback: 71,000-71,500 long, target 73,000-75,000, stop loss 70,500

Ethereum pullback: 2,520-2,560 long, target 2,650-2,750, stop loss 2,580

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