Why have I been emphasizing trends?
It is because the trend of the entire election has not ended; what has ended is just the election phase. The transition phase has yet to take place. With the inauguration on January 20, there may be a wave of expectations, such as Trump mentioning cryptocurrency or BTC in his inauguration speech, which would be enough to excite the market.
Periodic fluctuations may not necessarily be a bad thing!
After the Fed's 'panic' ends, the market will gradually correct its sentiment. Worried investors have already been gradually leaving during the panic, and those remaining are either short-term investors or those daring to gamble. Periodic fluctuations may not necessarily be a bad thing.
After fluctuating around $26,000 for eight months, it quickly surged to $73,000. After fluctuating around $65,000 for eight months, it quickly surged to $100,000. It is expected to be a deleveraging process, but I prefer to describe it as cleaning out 'weak' investors.
Moreover, I do not believe that we will experience another eight months of fluctuations. After all, we have expectations for January; let's see what real benefits Trump can bring to cryptocurrency next.