Gu Yue: The U.S. Election Drives a Crazy Surge in the Crypto Market, Entering a New Phase

Hello everyone, I am Gu Yue. Recently, the most concerning issue for everyone might be the U.S. election. Yesterday, the election results were finalized, and Trump was elected president again with a slight advantage, returning to the White House. Musk's gamble also paid off, leading to a significant rise in Tesla's stock. Musk's efforts have finally been rewarded. Today, let's discuss the impact of Trump's election on the crypto market. From the moment he was elected, significant changes occurred in the crypto space. Bitcoin surged nearly 7,000 points in one day, while Ethereum rose over 300 points, an increase of more than 10%. Bitcoin broke its historical high, reaching $76,420. Bitcoin experienced a dramatic surge yesterday and is slowly declining today, currently stabilizing around the $75,000 mark, while Ethereum is stabilizing around $2,800. This wave of increase will usher in a new phase for the crypto market.

Yesterday, many assets broke through the upper Bollinger Band, and then began to pull back for a correction. The current situation is very clear: a new bull market has arrived, and we need to prepare in advance. However, we must also be wary of black swan events during a bull market, as volatility will certainly be significant. Therefore, we need to be particularly cautious in our operations and avoid heavy positions. From the four-hour chart, the MA moving average has broken through the middle Bollinger Band and is continuously diverging upwards. As time goes on, the support will keep rising. Currently, the bottom support level on the hourly chart is around $73,000 for Bitcoin and around $2,680 for Ethereum. During the midday pullback, we need to pay attention to the support levels below. If the support level holds, we can decisively set up long positions.

Bitcoin entry position around $74,800 for long, target $75,800-$76,000 (relatively aggressive)

Bitcoin entry position around $73,800 for long, target $75,800-$76,000 (relatively conservative)

Ethereum entry position around $2,780 for long, target $2,900-$2,950 (relatively aggressive)

Ethereum entry position around $2,700 for long, target $2,900-$2,950 (relatively conservative)

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL

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