Tomorrow is the last day of the U.S. election, and by around noon on November 6th Beijing time, we should be able to determine who the president is.
Many people have asked me for my opinion in the past few days, so I'll briefly share my thoughts.
First, the market currently believes that Trump's election would be favorable for the cryptocurrency market, while Harris's election would be unfavorable, right?
Retail investors are all waiting for the election results to make trading decisions, but for me, I will always believe that market trends will reflect changes before news is confirmed.
Because the market cannot be deceived; it is the result of the battle between the buying and selling forces.
If the U.S. presidential election affects the cryptocurrency market trends, then from the market perspective, the probability of Trump being elected is very high, as the market trend is bullish, indicating that the major players are already prepared and waiting for Trump’s election to gradually start a price surge.
If Trump is not elected, there is even less to worry about, as it indicates that the U.S. election does not affect the market trends of the cryptocurrency, whether it is Trump or Harris, the financial groups behind them are optimistic about the cryptocurrency market and have already laid out their positions in this sector.
Because I will always believe in the principles of the universe.
The approval of Bitcoin and Ethereum ETFs is continuously attracting funds into the cryptocurrency market,
The Federal Reserve's interest rate cut cycle is opening up, leading to a continuous inflow of funds into the financial market,
The market trend also shows signs of major players accumulating at the bottom; once the major players enter, there will definitely be a price increase because their purpose of entering is to make money, not just to park their funds.
Many people think they are losing money because the market is bad, or because the market is currently dropping, but that's not the case.
If you can't understand the market, you won't be able to make money even when the market is rising,
For example, in the upcoming market, if it breaks out and surges, will those who previously cut their losses dare to enter? They won't, because they are still worried that the market will drop back down like before.
Will those who have held on for a long time definitely make money? Not necessarily, because after it rises, any slight pullback will make them worry that the market will drop again, so they leave the market early.
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