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Trump is in trouble.
Currently, the prediction market's betting rate on Trump has dropped again to 55%. The main reason is that there was a fire in Trump's backyard because a poll with a good winning percentage showed that the previously deep red state of Iowa seems to be turning blue, which is quite surprising.
Currently, the concept of Harry's dogecoin has surged, while the crypto world has pulled back as a whole. This trend was reported by us yesterday. Yesterday, Trump's approval rating dropped by 10%, advising everyone not to trade futures, just hold on to Spot. The key to this election should be in the swing state of Pennsylvania. Winning Pennsylvania means winning the world.
So analyzing the market is useless because the real determinant of the trend is the election results, which cannot be influenced.
However, the good news is that the market is no longer blindly assuming Trump's election, and there is a certain expectation of his failure, which has already begun to decline in advance.
So if Trump really loses, the crypto world should not collapse, at most a soft pullback, and then slowly rise again with the later point shaving by the Fed.
But! Once Trump wins, BTC will rise to 80,000 in a week!
This time there is about a 50% chance for both sides, neither more nor less, Spot holds it, let's wait for a result.
#BTC