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01.21 Evening Market Overview
$trumpTRUMP's popularity is still there; can it surge past a hundred, or will it fall into an abyss?
24.11.05 Trump won the election, PNUT created a wave of wealth for some people, attracting outsiders into the market and bringing back old investors, starting a one-sided rise in the mid-bull market, with $BTC Bitcoin hitting new highs daily; PNUT on-chain soared a hundred times on Binance, also increasing 20 times. With Bitcoin's recent pullback, it has now directly dropped to 0.3; how many people are still bragging from the mountain top?
25.1.21 Trump was inaugurated as president, and in the first two days, TRUMP on-chain again went up a hundred times on Binance, creating another group of wealthy individuals, causing people to seriously question their lives; soon after, MELANIA appeared suddenly, making it seem like the Trump family can issue tokens indefinitely, earning more money than their ancestors could in three generations; in the crypto world, opportunities are never lacking, what is lacking is the ability to explore and the awareness to seize opportunities.
From yesterday to today, TRUMP has directly halved; many people who chased high at 60-70 are likely to have a tough year, deeply trapped at the mountain top feeling chilly; now the price is fluctuating narrowly within a range, if it falls below the support level of 30.4, it will be an abyss, and no one knows where it will go; now looking for a breakout within a converging triangle, not excluding a false breakdown or a true breakout recovery; however, being cut by the president is a first in history.
Personally, I feel this coin needs to consolidate for a while; waiting for this hype to end before it can regain its vitality; looking around, the current altcoins are truly struggling, halving again and again, some have already fallen back to 8.5 black swan prices or even lower, it really feels like TRUMP and SOL are draining the market's blood, and it seems there are no funds left to boost altcoins; on the 24th, Japan's interest rate hike might have some unexpected events, altcoins should try to get through these few days of turbulence before entering or gradually entering from the left side.
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