Latest News Summary
1. Trump Wins Pennsylvania, Virtually Locking Down 47th US Presidency: Trump's victory in Pennsylvania makes him almost certain to become the next US President.
2. Musk Expected to Join US Government: Trump has stated that he will give Musk a government position if he wins. There are predictions that Musk could be a future US President.
3. Trump's Presidency Benefits Reduced War: Trump has had relatively less international conflict in his last term, and he tends to favor peaceful resolution of disputes, especially when driven by business interests. If the Russia-Ukraine war can end, it will also be a major positive for Bitcoin (BTC).
4. BTC Market Dynamics:
The current main force sold $136 million at $74,754 and $96.45 million at $74,009.
94,749 people were liquidated in the past 12 hours, with a liquidation volume of $350 million for shorts. The market is expected to clear all shorts before reversing, after which a decline may occur.
5. US Stocks and BTC Trends:
- US stocks are expected to hit new highs tonight.
- Bitcoin is currently priced at $740,000, with no obvious signs of weakness. It is not recommended to short.
- The downward correction after the first wave of strong rebound will not be very deep. It is currently showing a tempting short pattern, and there will be a correction only after a divergence from the top occurs at least once every 15 minutes.
6. Market Sentiment:
I just checked Twitter and found that many people are starting to short. The decline will not be smooth until the market has increased its volume and inserted a pin.
It is recommended to wait for the market to adjust before considering any action.
The above information is for reference only, and investment should be done with caution.