11.03 Bears are very strong, so strong that the exchange wants to spike and trigger short positions first

Predictions from the market Polymarket show that the current probability of Trump winning the U.S. presidential election is 57.5%, while Harris's probability of winning is 42.4%. The betting amount on the U.S. election on the platform has exceeded $2.9 billion.

The early market this round is still mainly declining, with prices breaking below the strong support level around 68800. The market is now entering a bearish logic, and the event impact is significant. Next Tuesday, the market will face a real turning point, so wait.

BTC Daily - 4-Hour Level Market Analysis

The higher-level market continues to exert downward pressure, with the upper high points unable to break. The support around 68800 has been breached and is now a point of pressure. The weekend tail should be the time for a turning point, and if it doesn't rise in the short term, then the target comes to around 67300 for potential long positions, which might be a good level in the higher timeframe. The upper-level pressure is around 68800 and 69200, and then we look at the pressure around 69500; it remains a bearish logic, and we first see if the bottom has reached its level.

BTC + ETH Intraday Level Analysis

· The intraday market for Bitcoin still primarily shows a downward trend. The first spike has been reached, so after the next rebound, look for 68800 and 69200 before continuing to decline. However, considering the sentiment in the evening session, it is suggested to place long orders around 67300, and try to stop-loss shorts around 69200-69500. Since the event impact is considerable, it is advisable to buy spot and simply lie flat for the next few days. · After Ethereum broke down, it started to enter a continuation of weak bearish logic. I don't believe Ethereum will show strength anymore. It will change along with Bitcoin; if Bitcoin is strong, then we can consider Ethereum, otherwise, Ethereum will remain inactive for now. The spot market has survived the toughest times, and now is a season for harvesting or re-cultivating. I hope everyone takes good care of themselves and doesn't waste the two years of hard work. #美国大选后行情预测 #非农就业人数大幅降温