July 14, 2024 Grandpa checks in

The biggest news today is that Trump was shot in the head while giving a speech at a campaign rally. Fortunately, the bullet went through his right ear (later corrected to be caused by a teleprompter fragment), and his life was not in danger. While being retreated by security, Trump raised his right fist and shouted "fight", and the picture of the American flag flying quickly spread all over the Internet. This failed assassination attempt actually increased Trump's chances of being elected, and the Trump MEME concept soared, with TRUMP soaring 44% in half an hour. In addition, after this shooting, Trump is considered to have been basically elected as the new president in advance.

Normally, whoever is elected as the president of the United States will have no influence on the people, but before this election, Trump's friendly attitude towards cryptocurrencies gave people a new impression. During Biden's tenure, the SEC repeatedly launched "robbery" and many crypto projects were fined. Let alone supporting cryptocurrencies, at least everyone would expect a president who is open to crypto assets to take office. I hope Trump can be elected, and one special reason is that he can perform jokes on Twitter, making the president's identity seem no longer so high and mighty.

In terms of the market, Bitcoin broke through the low-level fluctuation range, and the highest point exceeded 60,000 US dollars. Perhaps it was somewhat affected by the increased probability of Trump's election after the shooting, but I am more inclined to believe that this is a signal that the market will continue to rebound and regain lost ground in the near future. The address of the German government has been cleared before. In the absence of other black geese, it is a high probability event for the market to rise in stages. In the past week, I have repeatedly asked everyone to buy at the bottom. In addition to the reasonable price of the cottage, Bitcoin first recovered the key support is also a basis.

From a rational point of view, I still think that the short-term trend will not rise immediately. Continuing to consolidate and consume profit-taking is the main task for the next week. However, we only need to focus on one key point: if the price of Bitcoin does not break a new low, we can patiently wait for the market to rebound. It is worth noting that after Bitcoin rebounded, Ethereum and altcoins did not follow suit. This is also a signal that the market has not started to strengthen. Bitcoin's rebound may still be affected by unexpected events. In any case, after the sale of coins in Germany, the market is gradually improving.

Thank you for your attention and likes.