【Analyst: Bitcoin's current pullback is mainly to eliminate the overbought condition, not a trend reversal】According to Golden Finance, Bitcoin has set the longest consecutive decline record since Trump won the U.S. election, with a drop of about 6% over the last three days as of Monday. Since the election day on November 5, the total market capitalization of the cryptocurrency market has increased by $1 trillion, but the growth momentum has now stagnated. IG Australia analyst Tony Sycamore believes that this pullback is mainly to eliminate the overbought condition, not a trend reversal. Independent Reserve CEO Adrian Przelozny stated that the current bullish sentiment is expected to continue until 2025. TD Cowen analyst Jaret Seiberg pointed out that Trump will gain control over the U.S. SEC after taking office, which will be conducive to loosening cryptocurrency regulations.

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