At around 3 PM Beijing time on November 6, the highly anticipated results of the U.S. presidential election have concluded. The Republican candidate and former President Trump, who has publicly expressed support for cryptocurrencies, leads Harris by a margin of 277 votes and has secured the crucial state of Pennsylvania, successfully obtaining the opportunity to assume the presidency.

Meanwhile, Bitcoin reached a peak of $75,656 around 11:05 AM today, once again setting a new historical high. However, as of the time of writing, the price has retreated, possibly due to profit-taking by whales, with a current quote of $73,747, reflecting an increase of approximately 8.8% over the past 24 hours.

With the U.S. election results out, the Federal Reserve is also set to announce the November interest rate decision this Friday, and market volatility is expected to surge between November 5 and 8.

In terms of market analysis, I will not be providing specific analyses in the coming days. Please be cautious of downward corrections after upward spikes, with 72,300 as the bottom support point. Look to buy on dips, with a stop loss at 71,800 and a target of 74,900-75,500.

Time of writing: (2024-11-06, 17:50)

(Written by - Daxian Talks Coins) Disclaimer: There may be delays in online publication; the above suggestions are for reference only. The author is dedicated to research and analysis in investment fields such as Bitcoin, Ethereum, altcoins, forex, and stocks, with years of experience in the financial markets and rich practical trading experience. Investment carries risks; please proceed with caution. For more real-time market analysis, please follow the official account Daxian Talks Coins for discussion and exchange.

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