The results of the US election will significantly impact the short-term trends in the cryptocurrency market:
Trump's election could drive up coin prices, while Harris's election might lead to a short-term decline.
In the long term, if Trump is elected, Bitcoin could quickly rise to $90,000-$100,000, whereas Harris's election could lead to a slow rise beyond $100,000 after a consolidation in the $50,000-$70,000 range, mainly due to the differing attitudes of the two parties towards inflation.
Although Polymarket shows Trump's approval rating at 58%, Harris has a slight edge in polls, and the election results still carry uncertainty. Given the continued accumulation by institutions, the best strategy for Bitcoin currently is to hold, with on-chain data supporting a medium to long-term bullish trend.
