With Trump once again in the race for the White House, the noise of recent days has finally begun to fade. Bitcoin broke through its historical high during the day, reaching around 75,500 points, and a strong bullish candle released nearly five months of pent-up volume. This raises the question: Did Trump's election lead Bitcoin to new highs?
In the opinion of the Third Uncle, it is not entirely the case; Trump's election is merely a catalyst for Bitcoin's new high. As I mentioned earlier, even if Trump ultimately loses, after a brief adjustment, Bitcoin will eventually reach new highs, and the bull market in the crypto market will continue. So-called trends can only be influenced by external environments, while their essence cannot be changed.
Behind Trump, the all-in Musk also won the bet, the man closest to God in this world. Born in South Africa, Musk started his entrepreneurial journey at 25, became a billionaire before 30, later joined Tesla and became its leader, ultimately becoming the world's richest man at 51. His great explorations in space and artificial intelligence have made him an idol for all tech enthusiasts, including the Third Uncle.
Wagering everything on Trump is his only option with no way back, just like our deep involvement in the crypto market, risking it all to seek class transcendence. Taking a step back leads to mediocrity, while moving forward could lead to brilliance. Fortunately, in the first step of this furious bull market journey, we all won.
Next, we just need to wait for the indicators to stabilize after Bitcoin's new high in the next few days, as well as the upcoming latest interest rate decision. The Third Uncle has ample reason to believe that a short-term drop of over 20,000 points, similar to what happened before August, will not exist before the cycle concludes. After Ethereum's exchange rate bottoms out and rebounds strongly, altcoins will begin a collective and seemingly planned concentrated rebound, signaling the official start of this round of market movement.
After Bitcoin hit a new high today, the Third Uncle personally reduced some of his profit positions, mainly concerning the portions he increased yesterday. Everyone can review (Brothers, a bold life dares to increase positions!). Scanning around, very few dared to publicly push their chips to the limit before the election opened. I feel fortunate to be that lucky one; currently, the profit pullback from the total position is only 15% away from the annual high.
In the process of future market activation, the Third Uncle will also periodically disclose his holdings. Those who missed it earlier can refer back to the previous article (What to do after the contracts are liquidated?). In short, I believe that what is valuable will definitely be bought before I recommend it to everyone. The main difference in my position management compared to everyone else lies in the rigor of the logic.
The crypto market is like a turbulent ocean, with every fluctuation sounding like the crashing waves, full of challenges and opportunities. The courage of the Third Uncle lies in facing these grand waves and calmly analyzing every signal. In the future bull market process, I hope everyone follows the Third Uncle's footsteps; in this ocean, every bold and rational choice is a beacon guiding us toward success.
BTC: Bitcoin's intraday trend directly broke through all pressure zones. After the technical adjustments, continuing to rise and setting new highs above 75,500 points poses no pressure. It is expected that the amount of Bitcoin spot ETF funds flowing out in the first three working days after the U.S. stock market opens will all return in the shortest time, with bottom support focusing on the 71,000 to 72,000 points support range, and the medium to long-term outlook is bullish.
ETH: Ethereum is focusing on whether it can break through and stabilize around 2,700 points. If it can stabilize, it will directly go to 3,200 points, triggering a concentrated rebound in altcoin markets.
Altcoin: See you in the comments! The latest fivefold coin plan will be announced within 48 hours.
Fear and greed index at 70 for the day.
Finally, stay away from leverage and stock up on spot!#DOGE看涨情绪飙升 #美国大选后涨或跌？ #BTC创历史新高 $BTC
