Early Review: Multiple forces are jointly strangling long contracts, Bitcoin's upward movement is blocked, and as expected, it has retreated by 3000 points. If it cannot break through this week, it will be very dangerous!

In yesterday's market, Lin Mu Yang pointed out that Bitcoin's approach to the historical high for two consecutive days has failed, and we should not be blindly optimistic. He provided key information, which is to be cautious of CEX jointly pulling the plug to strangle long contracts. Around 10 PM last night, Bitcoin led the entire crypto market to start declining and retracing, which aligns with our psychological expectations!

Bitcoin has currently broken below 69000 in the morning, returning to a densely traded area. From the daily candlestick view, Bitcoin is still within this densely traded area, where a key signal is at 68152. Once it breaks below this densely traded area, it indicates that the bullish strength will be significantly weakened.

The large cycle weekly candlestick has 2 days left to close this week. A signal we need to closely monitor is whether the weekly candlestick will close positively and stabilize above the upper boundary of the overall oscillation channel. This signal is crucial and will determine whether Bitcoin continues its bullish trend. This position is around 65014, meaning as long as it breaks below this level, we may change our outlook!

In yesterday's content, Mu Yang pointed out that the long contracts concentrated more than 15 billion, and he indicated that this is a very dangerous signal. As of now, 50% of it has already been liquidated! Currently, about 9 billion remains!

Today: If Bitcoin cannot maintain the 68152 line on the daily candlestick, it may break below the upper boundary of this oscillation channel and return to the channel for downward adjustment and oscillation, indicating that this breakout has failed! Temporarily halt contract trading during the day to prevent exacerbating risks in significant fluctuations! #美国大选后行情预测