Is there a bullish return?

Briefly describe the reasons for the recent surge, and some opinions on the so-called "bullish return".

First of all, the reasons are the positive factors of Bitcoin's surge of 10%.

The first is the news of the postponement of the compensation of Mentougou, which may mean that the sell-off caused by the compensation will be postponed. Previously, the news of Mentougou caused Bitcoin to plummet several times, and the market is more sensitive to this news.

The second is that Harris has clearly stated that she supports cryptocurrency. At present, her support rate is far behind Trump, and she may want to use this as a last-ditch struggle to canvass votes. After all, there is not much time left for the election, and she may "play a big trick" in this regard in the future, which is worth paying attention to.

The third is to start taxing the overseas investments of super-rich people, and the relevant tax rate may be as high as 20%, which in disguise increases the demand of the rich for cryptocurrencies, especially Bitcoin.

The fourth is that Musk donated $75 million to support Trump. According to the Federal Election Commission documents, Musk donated $75 million to the US Political Action Committee that supports Trump.

Let's talk about the view of "bullish return quickly".

I think this is a normal rise in the past few days, not the kind of rise that can bring BTC to $100,000. Don't blindly chase high. Because the average daily trading volume of Bitcoin during this period is not high, it is not enough to produce a large-scale unilateral market.

It can be seen that after rising above 66,000, it quickly fell back to 65,000. The resistance at the historical high is very strong, and it is not appropriate to chase high at the resistance level. A more prudent way is to buy on dips or pullbacks after the price successfully breaks through with high market sentiment.

Currently on the way to the bull market

The big cake is likely to hit the secondary waterfall near 67,600,

and it is too likely to hit the secondary waterfall near 2,680