Last month: Trump is foolish
This month: Trump is impressive
After a month, Trump once again calls for buying BTC, and includes a series of cryptocurrencies such as ETH, Car, Sol, XRP into the strategic reserves. BTC responded by rising to 9956 points, with a maximum increase of 11.7%, and ETH followed suit, with a maximum increase of 380 points, a maximum increase of 17.5%.
This is not surprising to Li Mu. At the end of last month, Li Mu made an in-depth analysis of the market trends at that time, clarifying that this round is the last downward movement of BTC's mid-term trend, with the lower range of 78,000-79,000 being the starting point for a new round of rebound. Therefore, friends who follow Li Mu can share in this wave of rising momentum.
Although the increase has occurred, there is greater uncertainty in the future market.
The original intention of cryptocurrency, 'decentralization', was to transcend sovereignty and resist capital hegemony, but it may now become the ultimate scheme of capital. While you stay up late watching the market and applaud Trump's tweets, you are unknowingly participating in a revolution where power infiltrates capital. Indeed, Trump's rise to power is favorable for cryptocurrency, but there has never been an inexplicable favor in this world. Just like the last century, the benefits brought by political power may come at the cost of a colonial beginning for the so-called decentralized world (Li Mu has many viewpoints to support this, but due to space and correctness, only opinions are provided here for everyone to recognize and judge).
Indeed, with the support of official statements, more 'chips' have been brought to the cryptocurrency market, which has reversed the depressed trend of the market in February, but correspondingly, the escape of profit margins will also bring resistance to the second upward movement of the market. Perhaps the market will not dive too deep, but reorganization will require more time.