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Congratulations to Trump on officially being elected as the President of the United States of America.
He is also the first U.S. President to openly support Bitcoin and cryptocurrencies. BTC is about to embark on a journey across the galaxy.
The U.S. presidential election votes are gradually ending, and now the results are coming out one after another. It is a very exciting moment because with Pennsylvania turning red, Trump's inauguration is basically confirmed. The Democratic Party will have a hard time resisting Trump's entry into the White House (unless assassination).
Secondary market dominates the U.S. presidential election market:
Today we still focus on the usa election, bitcoin's second level has been activated since last night and has already successfully broken through a new high. It seems like someone knew the answer in advance.
Bitcoin has an independent market, meme has an independent market:
The strongest is BTC, undoubtedly. Trump's speech at the Bitcoin conference before has injected confidence into the market with promises to BTC, and now it has won. Both institutions and ordinary users will go crazy buying.
Next is DOGE, which has a very strong connection with Musk. Especially after this round of assistance from Trump, the direct connection will be stronger. I estimate that there will be payment solutions on x in the future, so it's bullish for DOGE in the long term.
Apart from these two, there are also some meme coins on the chain, such as:
Mage Trump Pnut $dmaga, emphasizing Pnut. The squirrel to some extent also helped Trump win the election, so Trump's victory will be a very strong narrative meme in the future.
How will the future market trend unfold?
Let's review the trend of BTC market. Starting from November, Trump's chances of winning began to decline, while Harris's chances of winning began to rise, followed by Bitcoin's price starting to fall from its peak.
From this set of data, we conclude:
When Trump has a high winning rate, it is bullish for the crypto market and bitcoin prices rise.
When Harris has a high winning rate, it is bearish for the crypto market and bitcoin prices fall.
This is a reflection of market sentiment. Of course, I do not understand politics, nor do I know the political situation in the USA. At the same time, I believe that politics is dark, darker than the financial markets, and the manipulations within are unknown to us. But I understand trading, understand market sentiment, and it can truly help provide us with a trading strategy.
Based on historical data, after each presidential election, the risk markets tend to continue to rise for approximately three months. It is likely the same this time, especially with the commitment of a 'president'. Therefore, I think it may cause some short-term fluctuations, but with Trump's election, there will be a better outlook.