The US election is currently in full swing. If Trump loses the election, what will be the reaction? Will the market fall or rise?
first
If Trump loses the election, it will be bad news for BTC, which means it will fall.
Trump's current and previous remarks and statements:
①Have a very friendly attitude towards BTC;
② The team that supports him, most of them hold and are optimistic about BTC;
③ It is recommended that the United States establish a dedicated BTC strategic reserve agency in the future;
The financial market always moves in anticipation, that is, when the market has good or bad expectations about an event before it is confirmed, the market price will fluctuate in advance;
Simply put, if the market believes that Trump's victory will be good for BTC, then the market price will rise and fluctuate in advance to digest all or part of this good news.
Therefore, if Trump loses the election later, the price increase brought about by the early digestion of this good news will be reversed and the price will fall; if the negative impact of the defeat is greater, the price will fall more.
Secondly
If Trump loses the election, how low will BTC fall?
If this is the only negative news in the market during the election defeat, then BTC will most likely fall to 41,000 or 49,000.
If there is other significant negative news in the market during the election defeat, the BTC price will most likely fall to 32,000.
If you have different opinions, please leave a message in the comment section.
