Originally thought the weekend would continue with sideways fluctuations and adjustments, but alas, the 🐩 institution couldn't stand the silence and directly broke the support level. Did anyone enter the factory early yesterday? Let's chat in the comments about how much was made.
There are two days left until the beautiful country's election, and the 'Trump trade' sentiment has taken a sharp turn, causing a plunge in the social media company under Trump's umbrella, significantly reducing his net worth.
At this point, it is still too early to make a definitive conclusion about who can make it to the end. In terms of influence in the crypto space, a Trump victory is bullish, while a Harris victory is bearish.
Looking at the technical aspects, Bitcoin's daily chart showed a pullback yesterday, retreating from a high of around 69,950 to a low of around 69,000, closing around 69,400. The support level is near the trend line, and if it breaks, we can look towards the MA30. A pullback can be an opportunity to buy near that area, while the resistance level is near MA7.
The four-hour Bollinger Bands are trending downwards, with the price positioned in the middle-lower band range. The daytime remains in a sideways fluctuation, and the MACD is increasing in volume, forming a dead cross. The recommendation is to focus on high short positions, with low short positions as a supplement.
Reference suggestions: Long on 68,800, add positions at 69,200, protect at 69,800, with a short-term target at 67,800. If it breaks, look down to 66,500.
