Will the market rise from here?
There are 4 days left until Mr. Trump is inaugurated as President, and the CRYPTO market has recovered after the CPI was announced as previously forecasted.
Just a few days earlier, #BTC dropped below 90K along with #altcoin being devastated.
But BTC quickly bounced back to 100K just as fast as it dropped, while Altcoin has yet to catch up to return to previous levels.
However, this is also a good sign as the market experienced a swift and strong dip to shake off and facilitate growth (because many are Long, holding a lot, and no one dares to push).
Along with that, we are getting closer to January 20, 2025, the day when the first President supporting CRYPTO takes office. With Mr. Trump's strong commitment to supporting CRYPTO, this is a very good opportunity for the market.
Previously, people were worried that when Mr. Trump took office, there would be SELL THE NEWS. But the market had already sold off beforehand, so we have the opportunity for the market to rise just like the election period in early November after Mr. Trump won.
In recent times, the market has corrected, and most people have not returned to breakeven, so during market drops, there is a lot of fear and confidence in UPTREND decreases, leading many to lose faith and cut losses.