The weekly MA30 line is flat, and the MACD shows an increasing upward momentum near the zero axis. The BTC weekly chart is a small bullish candlestick with a long upper shadow and a short lower shadow, and the trading volume is one-quarter more than last week, indicating that the upward movement is facing significant resistance, and the bullish power is being suppressed, but it still holds the upper hand.

After attempting to reach a historical high, the price did not break through in one go but was forced to choose a pullback near the descending trend line. Currently, it is closing just below the descending trend line. On the 5th, the election results will be visible, and regardless of the outcome, this week will continue to push upward.

Still, the monthly level is bullish, and adjustments at the daily and weekly levels will not affect the larger trend.