分析师舒琴
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Trump takes office, will the cryptocurrency market surge tonight? Let me share my opinion.
1. First of all, let's refer to similar positive events. There was a similar market in January last year. On January 11, 2024, Bitcoin ETF was approved and listed on the New York Stock Exchange. Bitcoin suddenly pulled a line up, and then the positive news was exhausted and began to pull back for 2 weeks. Then there was the Cancun upgrade of ETH in March, and ETH+BTC both took off.
If this positive event also follows this rule, then BTC will suddenly pull a line tonight, and then pull back for 2 weeks, and may pull back by 10-20%, and then continue to rise with the Prague upgrade in March.
2. But will Bitcoin definitely start to plummet after the positive news is exhausted? We can refer to the market when Trump won the election on November 6. At that time, the cryptocurrency market did not plummet, but accelerated its rise from 60,000 to 100,000.
The difference is that ETF is a deterministic positive, and people have already priced in, so the currency price starts to pull back after the positive news is exhausted. Trump's victory is not very certain. This is a sudden positive news, which was not expected by the public (Price in), so it started to surge.
Then the focus tonight is whether Trump will mention the positive news related to Bitcoin. If not, BTC may really pull back. If he does, especially if he plans to build a Bitcoin reserve, I believe BTC will be very scary.
My personal operation is that in view of the current surge in the currency circle, I will take profit of high-risk contract positions tonight, clear all Doge, and see if there is a chance of a pullback before entering the market, while the spot/2x positions will be kept in case there is no pullback and it goes straight to the sky, especially ETH, waiting for Prague upgrade.
I think it's better for everyone to listen to Trump's speech tonight and operate more in real time.
In the short term, Sol took profit at nearly 300 yesterday, saying that there would be a pullback before taking it up. As a result, it fell to 229 this morning, which was really a pleasant surprise.
In addition, our BTC contract was opened at 103,000, and ETH was bottomed at 3,200. We still performed well in this volatile market. Benqin updates the operation in real time every day~
1. First of all, let's refer to similar positive events. There was a similar market in January last year. On January 11, 2024, Bitcoin ETF was approved and listed on the New York Stock Exchange. Bitcoin suddenly pulled a line up, and then the positive news was exhausted and began to pull back for 2 weeks. Then there was the Cancun upgrade of ETH in March, and ETH+BTC both took off.
If this positive event also follows this rule, then BTC will suddenly pull a line tonight, and then pull back for 2 weeks, and may pull back by 10-20%, and then continue to rise with the Prague upgrade in March.
2. But will Bitcoin definitely start to plummet after the positive news is exhausted? We can refer to the market when Trump won the election on November 6. At that time, the cryptocurrency market did not plummet, but accelerated its rise from 60,000 to 100,000.
The difference is that ETF is a deterministic positive, and people have already priced in, so the currency price starts to pull back after the positive news is exhausted. Trump's victory is not very certain. This is a sudden positive news, which was not expected by the public (Price in), so it started to surge.
Then the focus tonight is whether Trump will mention the positive news related to Bitcoin. If not, BTC may really pull back. If he does, especially if he plans to build a Bitcoin reserve, I believe BTC will be very scary.
My personal operation is that in view of the current surge in the currency circle, I will take profit of high-risk contract positions tonight, clear all Doge, and see if there is a chance of a pullback before entering the market, while the spot/2x positions will be kept in case there is no pullback and it goes straight to the sky, especially ETH, waiting for Prague upgrade.
I think it's better for everyone to listen to Trump's speech tonight and operate more in real time.
In the short term, Sol took profit at nearly 300 yesterday, saying that there would be a pullback before taking it up. As a result, it fell to 229 this morning, which was really a pleasant surprise.
In addition, our BTC contract was opened at 103,000, and ETH was bottomed at 3,200. We still performed well in this volatile market. Benqin updates the operation in real time every day~
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.