Under the looming risks of upcoming events such as the Middle East situation, the U.S. elections, and the FOMC meeting, the direction of Bitcoin is becoming increasingly unpredictable in the short term. The election is on November 5th this week, and the results may be announced that evening. Remember how the market reacted when Trump was last elected? It went from limit up to limit down, and many were liquidated in a single day.
Weekends are typically the time of lowest liquidity, but this weekend's performance has been quite turbulent. As expectations for the election change, Harris's chances of winning have caused panic among some investors. Currently, it seems that Trump still has a high chance of winning, but until the moment it starts, the outcome is uncertain. From the four-hour market view, Bitcoin has not reached a peak of 69,500, so we need to observe the resistance level in the 70,000 - 71,000 range!
BTC midday strategy: Short at 68,200-68,500, looking down to 67,000
ETH midday strategy: Short at 2,475, looking down to 2,380
There is no path in life that is walked in vain. Stick to the path you believe in, and what is meant to come will come. I am Wansen, and I am not doing well for my fan friends.
