What will the market do in the future if it misses a 20-30 point increase?
This shot has put Trump on the throne. At the same time, the crypto world will also be turned upside down.
The last time Trump became president, the first thing he did was to abolish the important agreement of his predecessor. This time, Trump and Biden are fighting to the death. Whatever Biden has done, he will sweep you into the garbage dump.
For the crypto world, the most important agreement is the new infrastructure plan, which simply means collecting crypto taxes and using crypto money to support innovative technologies such as AI.
Biden and others never value technologies such as BTC, but value the money-making effect they bring.
It is worth noting that SBF fully supported Biden and became one of the top 20 consortiums behind the scenes. Big capital invested heavily in FTX to make things happen, but who would have thought that CZ would go bankrupt in three days.
At that time, it was discussed that Wall Street capital, including Biden, would definitely take action against CZ. Now BN has been fined one after another, and even issued a sky-high fine. At this time, Trump came.
Feng Shui turns around, and Trump will definitely strike hard against these capitals.
The enemy of my enemy is my friend, and Trump is a good friend of crypto.
The market speaks with money. After Trump's approval rating soared, BTC soared sharply, repairing the previous decline. Laolang believes that the market is brewing a long-term trend. Under Trump's series of actions, the crypto market will also be turned upside down.
The good show has just begun.
BTC:
BTC: There are large funds buying long options, which has a positive effect on BTC. BTC stood firm on the 5-day line and rose, repairing the decline. The hourly line tested the key peak of the M head formed on July 2. Only by standing firm at $63,454 can it further bottom out and strengthen. Next, BTC rose to test $63,454.
Resistance: 63454, 64222, 64857
Support: 62155, 61523, 60934
ETH:
ETH is rising along the 5-day line, and the bottom of the hourly line is constantly rising, indicating that there is long support. With the weakening of long volume, it is necessary to test the high point. The upper $3388 is the box high point formed on July 1. Only by breaking through $3388 in large volume can it quickly rise and strengthen. Next, ETH rises to test $3388.
Resistance: 3388, 3463, 3512
Support: 3297, 3246, 3205
