In the evening, due to the arrival of news, a wave of negative news was released, and Bitcoin was also affected accordingly. Our long positions set in the evening unfortunately hit the stop loss. We mentioned in the previous post that 71700 is a critical point; if it breaks, then it will go down. We regretfully swept a loss of 500 points, and then set a short position at 71700 to recover the lost profit, currently the price is around 70700.

From the hourly perspective, a long-short transition has already begun, with bulls unable to break upwards. With the support of news, the bears took off in the right direction, making a violent drop of nearly a thousand points. Friends who did not enter short positions in the evening can wait for a rebound and continue to short.

Bitcoin strategy: short near 71300, target 70000

Ethereum strategy: short near 2590-2580, target 2530#美国大选后行情预测 $BTC