11.06 BTC Market Analysis：
Current Bitcoin Price: $74350
1️⃣ First of all, congratulations to Trump on being elected President of the United States
Also congratulations to Musk for his successful bet, earning the title of Gambling King 2024 🤣
With the U.S. elections settled, Bitcoin has finally exploded, breaking new highs, reaching a maximum of $75500
2️⃣ Personal Trading Strategy
As the saying goes, good news often marks the beginning of a downturn. The market generally reacts before the news, and when Trump won, the market also reached its peak; I speculate there will be a pullback, therefore
In terms of operation:
I closed my long position at the 74400 level, taking profits.
Subsequently, I opened a short position at the 75000 level and bought back at the 73200 level.
Currently, I have no contract positions, holding 80% of my portfolio in spot BTC.
3️⃣ Future Outlook
Overall, the trend is still upward, and it requires some time for another buildup, so I do not recommend opening short positions again.
The upper resistance level is at 78000.
The lower range of 71000-72000 can be tried for long positions, with a stop-loss at 70000.
