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History is always surprisingly similar, and BTC has a special affection for the US election!
2012 US election: Bitcoin once plummeted 75% 80 days before the election. After the election, it started a crazy bull run!
2016 US election: In the three months before the 2016 US election, the price of Bitcoin fell from around $750 to a low of $500, a drop of more than 30%. It also started a rebound and bull market.
2020 US election: In the first two months, Bitcoin had once plummeted about 16%, from $12,000 to around $10,000, and then fell into a volatile consolidation, until the critical moment before the election that it rebounded. In May 2021, it soared to $60,000!
2024 US election: 3 months before the election, $49,000 from the 8.05 waterfall, and a new round of highs started on 10.7.
Conclusion: Looking at history as a mirror, we can know the rise and fall! Things that are inevitable in hindsight always seem inconspicuous at the time.
But next week is a time of big gains and big losses. Regardless of who wins the US election, it will be a stage-by-stage positive landing turned negative, and there will be a pullback in the short term. If Trump is elected, it may rebound to $72,300-$74,000, then may pull back to 0.618, around $65,300 at the lowest. If Harris is elected, it will be significantly bearish in the short term, and may undergo a 3-5 day line and weekly line adjustment (63,000-60,000). Therefore, the die-hard bulls need to free up enough positions to respond in a timely manner with replenishment or reduction when the real-time signals appear.
Will it surge to $80,000 when the US election is settled? The possibility is small. The reasons were analyzed in detail yesterday, one is that there is not enough time, and the other is that the position does not allow it (7-8w has two strong oscillation bands, and it requires a huge amount of capital to enter to achieve it).
In fact, this kind of market, low long and high short hedging is the best solution. Most of the time, my low long profit-taking range is also an opportunity to short.
In the hot wave of the meme coin market, new coins emerge every month and attract the attention of investors. Next, we will delve into the most noteworthy meme coins of the month, analyzing their characteristics and future potential.
I. Doge Coin
As the leader of meme coins, Doge Coin has performed strongly recently. Its price has risen by 17% in a week, and the driving force behind it cannot be ignored is the billionaire Elon Musk. His social media dynamics have had a significant impact on the price of Doge Coin. Musk's every move, whether his political statements or his humorous social media posts, has brought Doge Coin huge attention and investment enthusiasm.
II. SHIB Coin
Although SHIB Coin has experienced a brief correction, its development potential should not be underestimated. The implementation of plans such as Shibaraium will reduce the number of tokens in circulation, thereby increasing their scarcity and value. This strategy of increasing value by reducing supply has already proven its effectiveness in the meme coin market.
III. Political Theme Meme Coins
In the political tide, MAGA Coin and KAMA Coin have become the focus of the market. These two coins closely follow the political trend and are closely related to the election situation of a specific political party. Although their future trend is full of uncertainty, their unique political themes and widespread community support have already given them a place in the meme coin market.
IV. POPCAT Coin
POPCAT Coin has won a large number of fans and attention this year with its cute cat image and unique design. Although its price has pulled back after hitting a new high on October 29, its overall gains are still significant. Market analysts predict that it still has upside potential and is worth investors' attention.
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