Can the US presidential election really affect the future trend of BTC? Let's briefly share whether to look at the 'bull' or the 'bear'.

Many people may think that a Trump victory means a bull market and a Harris victory means a bear market, but I think this is unlikely.
I personally think that the election results will not have a significant impact. Trump's support for encryption is mainly for campaigning. As a risky asset, he cannot promote encryption vigorously once he takes office. Harris is just a puppet, and the BTC ETF was approved during the Democratic Party's tenure, so it won't directly cause a "Bear Market".
What can have an impact on the news is the "expectation", that is, when the news is "freshly released". When the result is implemented, it means that the expectation has been exhausted, and the impact will not be too great.
As for the future market, I think the final result will be a "bull", but we still need to go through a period of Whipsaw.
After all, the liquidation chart for BTC currently shows that a 10% pump would liquidate 1.6 billion shorts, and a 10% drop would liquidate 3.4 billion long positions. It's difficult for this long-short ratio to directly initiate a Bull Market.
But according to the process of the last Bull Market, combined with BTC market dominance, the halving cycle and other factors, the outcome is likely to be “bull”.
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