The US election is ongoing, Trump is significantly ahead, Bitcoin breaks new highs and market forecast! $BTC
Yesterday's article mentioned that the current Bitcoin price fluctuations are closely related to the election.
Let's look at yesterday's US trading hours where Bitcoin prices and DJT (Trump Group) moved in sync, with a rise following in the night trading hours.
Of course, the rise in night trading primarily comes from Trump's advantage in the election.
Bitcoin is currently rising accordingly, consistent with yesterday's expectations, as the market is currently anticipating the positive impact of a Trump victory. It remains to be seen whether the actual news will lead to an emotional explosion, but I believe that after the announcement, the extent of the increase may not be very large and may instead become a position for bulls to take profits.
Chasing highs is inadvisable, and can even be extremely dangerous; I prefer a sharp rise after Trump's official victory, followed by a decline.
After the election sentiment recedes, the market will develop its own trends! $BTC