Cryptocurrency Market Fluctuations: Is a Major Rebound Coming, or Is It Time to Escape?
Recently, the market has been confusing. Trump is set to take office, which should be good for the cryptocurrency market, but Bitcoin has declined instead of rising.
Due to Trump's policies potentially weighing on the U.S. stock market, the U.S. dollar has soared, putting pressure on various investment assets. The cryptocurrency market is closely tied to the U.S. stock market; Wall Street's short selling of U.S. stocks has affected Bitcoin, causing the market to weaken.
However, there is a trading principle that states, “Once all bad news is out, good news will follow.” Fund managers generally believe that the uncertainty will diminish after Trump takes office, ending the short-selling wave, and the cryptocurrency market may see a rebound. Furthermore, the current Bitcoin peak escape indicators have not reached alarm levels, suggesting that the market may be in a consolidation phase, with the potential for new highs.
There is no need to be anxious; maintain confidence, as the market can reverse at any moment, and opportunities are ahead!
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