Gu Yue: The US election has driven the cryptocurrency market to rise wildly, and the cryptocurrency market will enter a new stage

Hello everyone, I am Gu Yue. Recently, the most concerned thing may be the US election. After the election dust settled yesterday, Trump finally entered the White House again with a slight advantage and was elected president. Musk's gamble also ushered in victory. Subsequently, Tesla's stock soared, and Musk's efforts were finally rewarded. So today we will talk about the impact of Trump's election on the cryptocurrency market. From the moment of his election, the cryptocurrency market has undergone major changes. Bitcoin rose by nearly 7,000 points in one day, and Ethereum rose by more than 300 points. The increase exceeded 10%. Bitcoin broke through the historical high to $76,420. Bitcoin stretched extremely sharply yesterday and fell slowly today. It is currently stabilized at the $75,000 level, and Ethereum stabilized at the $2,800 level. This wave of rise will enter a new stage in the cryptocurrency market.

Yesterday, it stretched a lot and broke through the upper track of the Bollinger Band, and then began to step back to repair the market. At present, the whole situation is very obvious that the new bull market has arrived. We need to prepare in advance, but we also need to beware of black swans in the bull market. The volatility in the bull market is definitely very large, so we also need to pay special attention to not heavy positions in operations. From the four-hour line, the MA moving average breaks through the middle track of the Bollinger Band and continues to diverge upward. As time goes by, the support will become higher and higher. The current bottom support position of the hourly line is at the 73,000 US dollar line, and Ethereum is at the 2680 line. We need to pay attention to the lower support position during the midday retracement. If the support position is not broken, we will decisively arrange long orders.

Bitcoin position opening position near 74800, long target 75800-76000 USD "relatively aggressive"

Bitcoin position opening position near 73800, long target 75800-76000 USD "relatively stable"

Ethereum position opening position near 2780, long target 2900-2950 USD "relatively aggressive"

Ethereum position opening position near 2700, long target 2900-2950 USD "relatively stable"

There are many types of investment, it is important to choose the right one for yourself, there are many roads, it is important to choose the right leader. I am Gu Yue, I interpret the world economic news, analyze the global investment trends, and analyze the daily market trends to provide you with the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article only represents personal opinions and is for reference only. It is not used as a basis for actual operations.