From the chart, the current price of BTC/USDT is declining, and multiple indicators show downward pressure. Here is the specific analysis:

1. Next Low Point

• From the chart, it can be seen that the price is below the two nearby resistance levels of 70,138 and 71,652, having continuously broken through multiple short-term and long-term moving averages, indicating a strong downward trend.

• The current price is close to the support level of 68,830. If the price falls below this support, it may delve further, with the next target low point potentially around 68,000 in the short term.

2. Support Levels

• First Support Level: 68,830, which is also the most recent 24-hour low marked on the chart. If it breaks below this level, it may intensify downward pressure.

• Second Support Level: Around 67,500, this level has historically provided some support and may again become effective support.

• Stronger Support Level: If the price continues to decline, around 65,000 may become a stronger support position.

3. Indicator Analysis

• RSI (Relative Strength Index): The RSI is currently around 30, close to the oversold area. This indicates that there may be some rebound in the short term, but if the downward trend intensifies, the RSI may continue to remain low.

• MACD: The MACD histogram continues to expand below the zero axis, indicating that bearish strength remains strong. The DIF and DEA are also continuing to decline in the negative zone, showing no clear reversal signals.

4. Impact of the U.S. Election

• Market volatility typically intensifies around the election. Investors may adopt a wait-and-see or reduction stance due to policy uncertainty, so the election may bring further volatility pressure to Bitcoin.

• In the short term, the uncertainty of the election may lead to an increase in risk aversion, with some funds flowing into traditional safe-haven assets like the U.S. dollar, which may exert some downward pressure on Bitcoin.

Summary

• Next Low Point: 68,000 (if it breaks below the support of 68,830).

• Key Support Levels: 68,830, 67,500, 65,000.

• Short-Term Strategy: The current trend is leaning towards downward, but it is close to the oversold area. If there are signs of stabilization near the support level, consider a short-term rebound, but closely monitor changes in market sentiment due to the U.S. election.