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2024.11.6 Wednesday> #币圈观察员 #CryptoObserves
Yesterday, I said to wait for BTC to break its new high and for Trump to be elected. Today, it suddenly skyrocketed, which is a bit ruthless. This market is always sudden and not something that can be explained by technical analysis. Is it the arrival of bullish news? Do dealers use news to their advantage? I don't know, but in reality, when it pumps, it won't give you a chance to get on board.
I think today can be considered the real start of the Bull Market, starting from BTC hitting a new high, ending the oscillation of more than half a year. AltCoins are also doing well today, and it is still possible to buy in at low prices. BTC can still rise in the short term, supported by such a big bullish candlestick, it will not easily come down after going up, maybe it will consider a pullback after another push up. It should still rise in the next few days and not come down. Let's talk about the future later.
#比特币突破新高$75K，下一站$80K?
Trump's victory is definitely Favourable Information for the crypto world. I think we will reach 80k in the next stage, it's just a matter of time. With the support of the Federal Reserve's interest rate cut, we will enter a structured Bull Market. The future market trend is bullish, but there may be a short-term pullback. The Favourable Information of Trump's victory has already been implemented, but his official inauguration as president will have to wait until January 2025. However, the overall trend is definitely upward ⬆️. There will be an interest rate cut in November, and if the loose policy is implemented, it is highly likely to continue to rise. Therefore, I believe that starting from today, the Bull Market has truly begun, and the previous period belonged to the Bear Market.