The recent drop in the price of Bitcoin from $73,000 to $67,000 has led some to speculate that this may be the result of some forces acting on their own, with the goal of harvesting about $200 billion in global capital. Now that the voting in the US election has ended, Trump's odds of winning were originally high, but now the situation has become tense and the support rates of both sides have become balanced, which means that people's bets are also being adjusted.
Like gambling, there is an unpredictable side to electing a president. Given the US political system, any attempt to challenge the existing power structure may face huge resistance. In order to win votes, Trump has adopted a variety of strategies to attract supporters, but this does not mean that these strategies can be fully converted into actual votes. For example, Musk publicly supports Trump, but the motivation behind this may not be simple.
As Harris's approval rating rises, the market begins to worry because Trump's previous remarks were too optimistic and inconsistent with the actual situation, leading to a "good news is out" mentality. If Harris is elected, it may trigger a large-scale sell-off in the financial market. At present, the election situation in swing states is still stalemate, and the competition between the two parties is very fierce, and there is even the possibility of social unrest. This uncertainty has a negative impact on the financial market, making investors more cautious.
The market sentiment is currently pessimistic, and everyone is waiting for the election results. It is expected that the price of Bitcoin will fluctuate between $66,500 and $69,500. Before the election results are announced, it is key to remain vigilant and flexibly respond to market changes. Today, we have made good profits through short-term trading. In the next few days, we need to continue to pay close attention to the development of the situation.