Trading Diary 10.29
This time BTC broke through £71,000
This bull market has many positive factors
Apart from BTC ETF and the positive effects of the US presidential election
However, compared to the liquidity-driven bull market of 2021,
it feels different
Firstly, the intensity of interest rate cuts
The inflow of funds is actually not that much
It may take a drop to around 1% for significant liquidity to flood in
The reasons why it has risen to this point, I think, may involve many factors
Aside from what I mentioned above about the US presidential election and BTC ETF,
yen lending and arbitrage traders are also a significant factor
Interest rate cuts are said to stimulate capital inflow
But to be honest, it just gives a clear stance
The actual capital inflow driving this surge
May be propelled by the election
Trump has attended BTC conferences
And even said BTC to the moon
And now Trump's chances of winning have significantly increased,
it can also predict the positive outlook for BTC
The price of coins, similar to stock prices, will react in advance
I need to guard against a crash after the presidential election
This phase does not resemble a liquidity-driven bull market due to the lack of massive capital inflow
But the election is a variable that may indeed attract substantial capital
After all, the attitude of the US
Is also the attitude that most countries in the world refer to
If BTC, crypto begins to open up,
BTC becomes a reserve asset
BTC at least £100,000
But my thoughts remain emotional regarding the market,
it may retreat after the election
Or maintain high levels before the election, but whether it can reach £100,000
Still depends on the true stance of the US government after taking office
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