The BTC script is here! Save it
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1. A short-term historical high in price does not mean it will continue to soar, just like it broke 69000 in March this year, and didn't go directly to 100000+.
2. From March to November, the price has consistently moved in a range, and most market participants will adopt a strategy of buying on breakout, so the local retail investor cost price is around 70k.
3. The news of Trump taking office has been confirmed, and interest rate cuts have also been confirmed. However, Trump will officially take office on January 20, 2025, which is still two and a half months away from now. Therefore, it is important to note that there will be a narrative void during this time.
4. Trump has confirmed he is taking office, the interest rate cut cycle has been confirmed to begin, and Bitcoin has reached a local new high. Those who needed to buy have already bought. The price can correct now. Lack of disagreement is the biggest risk.
Summary: From a technical perspective, it has broken through the upper channel and reached a new high, capturing liquidity. From a news perspective, Trump's favorable policies have already been priced in, but it will take some time for him to officially take office and implement preferential policies for crypto. The price may see a significant correction before he takes office, wiping out all leverage, and then an epic bull market will start in 2025-2027.
Script: 66-70-59-65-55-64-35-100k
