Thoughts After Trump's Speech

The news, posts, and discussions about Trump's recent speech at the Bitcoin 2024 event have flooded the information space. Many of you have already seen or heard what the politician said, but if not, I'll briefly summarize.

In general, only positive words were said about Bitcoin and the entire crypto space. For example, Trump stated that he wants to make the US "the cryptocurrency capital of the world and a Bitcoin superpower."

He also spoke about the regulation of the crypto industry, stating that the rules will be written by people who respect crypto, not by those who hate it. He mentioned that on his first day in office, he would fire Gary Gensler (head of the SEC).

There were many more statements, but they can be summarized as "#BTC to the moon!" And yes, that's another Trump quote.

What can we expect before the elections and after Trump's potential election?

Obviously, all recent statements are extremely bullish. Considering the market's cyclicity and the narratives that predict a bull run (halving, ETF adoption, making crypto easier for regular users), its approach is quite expected.

Moreover, if Trump indeed fulfills his promises, we will see several important events: a shift in crypto policy and its mass adoption "to surpass China."

Overall, everything looks extremely bullish, but we must remember that things don't always go as planned. For example, Trump might ignore his promises, as most politicians do, or he might not get elected at all.

In any case, it's crucial to stay in crypto and keep an eye on what's happening, as the world is changing so rapidly that you never know where the next life-changing opportunity will come from.

#BTC Dominance bullish continuation is showing results. The first target is 62%.

Altcoins will take more hits. Choose blue-chip altcoins if you are looking to buy new ones.

#BTC update

We need to break this month's high. Only then will we be out of the woods!

Until then, it can form new lows if more war news comes.

For every big bear move, we need a bigger move by the bulls.

#BTC weekly closings are of no interest to me; they have given multiple fakeouts in the past.

I will certainly be bullish when $BTC either breaks $66k, which is this month's high, or slowly and steadily closes above $66k by the end of this month!

Patiently waiting for the #BTC monthly close. If we close above $66K, the pump will start in September, without any delay until October.

I’ll be releasing a major update on #BTC after the monthly close. I've been waiting for this moment. Don’t focus on BTC’s daily and weekly candles—focus on the monthly ones. Weekly closings have often been misleading, but the monthly ones are more reliable.

Remember:

If you expect new lows for #BTC in September, then forget about a bull market for the next 2-3 years.

If you want to be bearish at this point, you're essentially predicting a 2-3 year bear market overall. If you're comfortable with that, then that's fine, but be prepared.