Bitcoin Update:
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BTC is currently sitting at a critical support level that we need to hold. Many retail traders appear to be selling off due to the volatility surrounding the U.S. presidential election.
There are key resistance levels above that BTC must break to push further upward, and I anticipate a substantial pump this week. The liquidation heatmap shows significant liquidation clusters in higher areas, indicating a large number of open short positions. Given this setup, weโre likely to see bears hunted by the market.
My BTC longs are open.