The trading frenzy triggered by Trump's victory continues to heat up.
The arrival of the bull market is already certain, but the rise of BTC still exceeds the expectations of many people.
Shortly after breaking through the $80,000 mark on the evening of November 10, BTC soared to over $89,000 in the early hours of November 12 - reaching as high as $89,575 USDT, showing strong momentum to continue pushing through the $90,000 mark.
Influenced by the overall market trend, the total market value of cryptos has also increased rapidly. Currently, the total crypto market value has exceeded $3.1 trillion, with a 6% increase in the past 24 hours.
Ten days ago, many people may have thought that bitcoin would rise to $70,000 in the short term, or even touch the previous high of $73,000, and when they saw bitcoin break through $75,000, they might have thought it was likely to be a short squeeze and upon reaching $80,000 started oscillating. However, no one could have expected bitcoin to rise from $68,000 to $90,000 in just one week.
With two days of increasing volume consecutively, it's difficult for the price to drop directly from this level. At most, there will be sideways oscillations. But no matter how the price swings, it's hard for the bears to make significant profits. Based on the habits of the market manipulators, as long as they squeeze the shorts, especially if a top appears during the day, there is a high probability that this top is a false top and there will be a second breakthrough.
The long-awaited uptrend has finally arrived!
After a long 8-month period of shaking and washing, it finally came to an end. Although the process was very painful, I am grateful to myself. I always believed that this channel is a continuation of the upward trend, a bull flag, not a distribution top. It's like waiting for dawn in the dark, but there is no need to doubt that dawn will definitely come, just not sure how quickly it will come!
What will happen next?
Since it is considered a bull flag, a simple measurement of the bull flag target is that it can reach 0.1 million.
After reaching this area, there may be a consolidation, forming a new range of fluctuations. For players who like short-term trading, they can enter again when there is a relatively clear range of fluctuations. And shorting at the top now is pure gambling. If you really want to try, wait for it to break below the rapidly rising trendline, at least the odds will be higher.
Spot positions lie flat, enjoying this magnificent trend. The inflow of ETFs and the issuance of USDT on-chain all indicate that this time is not a scam, it is the entry of real silver and gold. And this is definitely not their distribution range. If you are not on the boat, you can look for similar coins that are still stagnant, the market will fill the gaps!
Just a note, don't think that when the big pie reaches its peak, it will suddenly collapse, and then the copycats will follow suit, like the SOL chain and SHIB, it won't happen.
This can be referenced by the previous double tops, both are distribution processes at the daily k level.
With the recent good market, following the community has also yielded a lot of profits directly! Just trust the choices I make! Some friends come to ask me what I can recommend, if I really recommend you won't buy, what's the point? Recent performance sharing!!!
There will be many bottoming opportunities waiting for you to ambush in the future! Bitcoin surges, Ethereum starts to rebound, and then it will be the altcoins' turn to perform!