With the US election approaching and the Dubai Blockchain Conference coming up, the Bitcoin ($BTC ) market is facing multiple pressures, and speculation expectations have cooled down. The market expects that BTC may briefly hit a high of $70,000, and then may gradually pull back to $62,500, with risks gradually accumulating in the process.

The uncertainty of the election, the possible sell-off caused by the blockchain conference, the tension in the Middle East, and the Federal Reserve's interest rate meeting may all have an impact on the BTC market. If Trump is re-elected, his tough stance on Iran may also bring volatility to the market. In addition, the fear and greed index remains high, showing the complexity of market sentiment.

At present, the long and short forces of the entire network are relatively balanced, but the balance of the exchange has increased, suggesting that the flow of funds may be changing. The liquidation chart reveals that there is a large amount of chips accumulated near 62,500, and the total network liquidation is close to 20 billion, showing the volatility of the market. The long liquidation near 61,500 is about 3 billion, while the short liquidation near 70,000 is about 700 million, indicating that the risk of going long may be higher than that of going short.

In such a market environment, investors need to carefully manage risks to avoid losses due to sharp price fluctuations. Evaluate your investment portfolio to ensure that you are not using excessive leverage and make clear market trend predictions. At the same time, hedge risks through tools such as options to ensure investment security. In an uncertain market environment, it is crucial to maintain a cautious and flexible investment strategy.