đșđž Trump's odds are back on the rise.
đ„ Trump âą 57.7% chance (if Win Then Bullish)
đŠ Harris âą 42.3% chance (if Win Then Bearish)
Tomorrow is election day.
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Perspective on the U.S. Election and Crypto Market
- Regardless of whether Kamala Harris or Donald Trump wins, a bull run in crypto is likely on the horizon. This is less about whoâs in power and more about the growing decentralization of Bitcoin.
- There will be some short-term volatility and likely liquidation events, but people will soon refocus on the appeal of decentralization, which is what drew many to crypto in the first place.
- I'm bullish on Bitcoin in the short term, even if Kamala wins. However, altcoins might drop further (potentially by 30%) if she does.
(This is just a hint; I wonât be diving further into election discussions.)
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Current Market Analysis
Right now, itâs not ideal to analyze the charts or make any trades based on them. There are too many major events happening this week.
- The U.S. election is tomorrow, followed by the FOMC meeting.
- Risk levels are high, and weâre seeing the lowest liquidity on record, suggesting that âsmart moneyâ (institutional investors) is stepping back.
This leaves mostly algorithmic bots active in the market.
If you want to avoid getting liquidated, steer clear of leveraged trading unless youâre a seasoned professional.