😎BTC has reached the 70,000 mark again after 4 months. Is this a real breakthrough? When will 80,000 come?
Due to the significant increase in the probability of Trump's election, Trump-related concept stocks and BTC rose strongly last night, and BTC rose above 70,000 again. Generally speaking, it may fluctuate around 70,000 in the short term, but this main rising trend has just begun, and the impact of 80,000 in November is worth looking forward to!
In the past 24 hours, Trump's trading has obviously heated up. Last night, Trump Media Technology Group closed up 21.59% with a turnover of US$4.792 billion. Compared with the lowest point of US$11.75 in September, the stock has risen 310% so far.
Dogecoin, a cryptocurrency related to Musk, rose 15%. As early as last week, it was mentioned that DOGE still has room for substantial growth, and the opportunity of DOGE was recommended. This week, it led the mainstream currency.
From the market point of view, BTC has broken through the flag-shaped consolidation channel that lasted for more than half a year, and the moving average is strongly bullish, the volume and price are rising, and the Bollinger band opening is widening. A new round of market is basically set in stone; the recent retracement focuses on the key position of 70,000. If it holds, it will directly rise strongly. If it falls below, it will hopefully give a low position of 68,000-69,500, which will be a very good point to add positions;
DOGE has reached a strong pressure position at the weekly level, and the short-term overbought is serious. There is a need for adjustment. It is not cost-effective to chase high now. Although the medium and long-term can at least see around 0.23, it does not matter if the cost is low. If you have not boarded the train, you can pay attention to the retracement area of 0.14-0.15. If it does not break, it will still start a new round of main rising waves;