🚨BTC has fallen for two consecutive days! What impact will Trump's presidency have on the crypto market? Analysis of BTC's future trend
After reaching a high of 73,000, BTC has experienced a two-day decline, raising concerns in the market. With Trump's confirmation of taking office, the sentiment in the crypto space is also fluctuating. Trump has always maintained a cautious attitude towards cryptocurrencies, and if he implements stricter crypto regulation policies during his term, it may bring further pressure to the market.
On the other hand, Trump's tax cuts and economic stimulus policies may attract more traditional capital into the market. As the U.S. economy faces inflationary pressures, the safe-haven properties of cryptocurrencies may attract renewed attention. In addition, more and more institutions and individuals view Bitcoin as a long-term investment target, and BTC's sharp decline may just be a short-term fluctuation.
From a technical perspective, BTC needs to find support at the current price level, and it may test lower points in the short term. If it can stabilize at key support levels, Bitcoin may strengthen again as economic uncertainty rises. Investors are advised to pay attention to market trends and make rational allocations.
