Is Trump’s government in trouble in both chambers? What it means for stocks and Bitcoin 🏛️ $BTC $TRUMP
The analysis just shared by Yi Lihua, founder of Liquid Capital, sums up the technical and political moment we’re experiencing tonight quite accurately.
His reading suggests that the Republican Party is not only facing the loss of the House of Representatives, but that the Senate is also hanging by a thread, with historic strongholds like Texas under enormous pressure. If the opposition wins back both chambers, Wall Street will suddenly lose the support of tax cuts and aggressive deregulation, which could extend the correction in U.S. stock indexes.
🔖 Bitcoin in particular:
- The technical pause: Bitcoin was showing clear signs of wanting to rebound after 40 days of consolidation around the $77,000–$80,000 range.
- Headwinds: The recent scare over the hack linked to Binance and the prospect of an electoral setback for the ruling party have cooled momentum, preventing it from finding an optimal correction bottom.
- Relative strength: What’s truly striking is that while traditional stocks are shaking amid political uncertainty, Bitcoin has shown tremendous resilience, holding its ground through a perfect storm of negative news.
When an asset refuses to fall sharply amid a torrent of bearish factors, it’s often a sign that underlying structural demand remains intact.
Do you think Bitcoin will maintain this strength if the ruling party’s total defeat in both chambers is confirmed, or will it end up catching the Wall Street correction bug?
Follow me for more news and analysis…
#noticias
The analysis just shared by Yi Lihua, founder of Liquid Capital, sums up the technical and political moment we’re experiencing tonight quite accurately.
His reading suggests that the Republican Party is not only facing the loss of the House of Representatives, but that the Senate is also hanging by a thread, with historic strongholds like Texas under enormous pressure. If the opposition wins back both chambers, Wall Street will suddenly lose the support of tax cuts and aggressive deregulation, which could extend the correction in U.S. stock indexes.
🔖 Bitcoin in particular:
- The technical pause: Bitcoin was showing clear signs of wanting to rebound after 40 days of consolidation around the $77,000–$80,000 range.
- Headwinds: The recent scare over the hack linked to Binance and the prospect of an electoral setback for the ruling party have cooled momentum, preventing it from finding an optimal correction bottom.
- Relative strength: What’s truly striking is that while traditional stocks are shaking amid political uncertainty, Bitcoin has shown tremendous resilience, holding its ground through a perfect storm of negative news.
When an asset refuses to fall sharply amid a torrent of bearish factors, it’s often a sign that underlying structural demand remains intact.
Do you think Bitcoin will maintain this strength if the ruling party’s total defeat in both chambers is confirmed, or will it end up catching the Wall Street correction bug?
Follow me for more news and analysis…
#noticias
