Recently, renowned trader Ansem posted a thought-provoking message on platform X, where he analyzed the difficult phase Bitcoin is currently facing and provided unique market insights.
Ansem pointed out that the Bitcoin market has recently experienced a series of adverse factors that could lead to significant price volatility. He observed some signs that could trigger a crash, which has caused concern among many investors. However, Ansem is not overly pessimistic; he expects that Bitcoin's price will not fall below the key support level of $91,000 to $92,000.
Bullish positioning before Trump's inauguration, assessing market reactions
In the face of market uncertainty, Ansem provided a specific investment suggestion. He recommended considering establishing long positions before Trump's inauguration to better assess whether the market's concerns about the Federal Reserve's hawkish policies and the Justice Department potentially selling Bitcoin are overstated. Ansem believes that through this strategy, investors can gain clearer insights into the true sentiment of the market, allowing for more informed investment decisions.
Trump's remarks may become a turning point for the market
In subsequent interactions, Ansem further elaborated on his views. He mentioned that the existing uncertainty and fear may ease after Trump's inauguration. This largely depends on Trump's speeches and policy direction, as Trump's remarks often directly influence market sentiment and expectations. If Trump can provide positive and stable signals, the Bitcoin market is expected to welcome a rebound.
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