Analysis of Bitcoin and Ethereum Market Trends and Political Impact

Yesterday afternoon, the number of Bitcoins flowing into the Binance exchange in the market reached 30,000. Under the general pessimistic expectations, this batch of Bitcoin broke the support level of $61,000, causing the price to fall, which once again suppressed the sentiment of short-term holders and paved the way for the arrival of the bull market. At the same time, large holders of Ethereum have been frantically accumulating ETH in the past four days, and its accumulation has exceeded the recent outflow, which shows that large institutions and individual investors are also "paying" for the future of the market and looking for better opportunities.

From the perspective of technical analysis, Ethereum's support range of $2,100 to $2,500 is quite solid, while its upside is expected to be between $7,000 and $14,000. In addition, the number of investors with more than $1 million in cryptocurrency assets has increased by more than 90%, indicating that more and more people and institutions are entering the market.

In the big picture, Harris may be about to become president, whether in a few months or in the next term. Biden may step down due to physical reasons, providing a great opportunity for Vice President Harris. However, Zuckerberg has been ambiguous about this. He recently admitted some things about the Democratic Party, while also stating his position on Trump. This may be because he has foreseen Trump's possible actions by taking advantage of high technology.