📊 【Market Dynamics】Bitcoin Market Views after Trump Shooting 🔍
🔥After Trump was shot on Saturday, the market reacted, and many people believe that this may affect the results of the 2024 election, which will have a positive impact on the Bitcoin and cryptocurrency markets.
Some people believe that the cryptocurrency market, which has performed mediocrely during Biden's term, is expected to see a significant improvement if Trump wins the election, and some even predict that the price of Bitcoin may reach a historical high of $100,000 per coin by the end of this year. 🚀
From a technical analysis perspective, Bitcoin has performed well in the trading days after the incident, successfully breaking through the limit of the 200-day moving average, showing an optimistic outlook for the medium- and short-term trend. At present, the price of Bitcoin has rebounded to more than $62,000. If it can break through the key support line of $65,000, it may start a new round of rising market. 📈
Bitcoin hit a low of around $53,000 last week, but it has rebounded to more than $62,000 this week, which is considered a sign of market health. However, analysts suggest that although the Trump incident may have a positive impact on the market, there is no need for investors to rush into the market with all positions. Because the current price of Bitcoin is still below the bull market support line, the market may still experience downward or sideways consolidation before breaking through this key level. 🤔
For investors who failed to enter the market at the low point of 5.3w US dollars, the current price of around 6w US dollars is not a good time to chase the rise. Analysts suggest that investors remain patient and do not assume that Bitcoin will not fall back to around 5w US dollars because of a short-term rebound.
💰 Maintaining sufficient cash positions and preparing for market uncertainties and possible pullbacks is a more stable investment strategy. Avoiding impulsive entry into the market due to seeing a short-term surge in the market is an important principle for maintaining investment security.
