At present, the price of Bitcoin is trading sideways around 68,000. Now that the US presidential election is coming, I personally recommend that partners who are shorting should exit at a low point to stop profit.

The US presidential election has officially started in the past two days. If nothing unexpected happens, it should be Trump's victory. From any perspective, there will be a big rise. Of course, now is not the time to go long casually. After all, the positive news has been overdrawn in advance in October, and the upward momentum is limited.

The two major events of the US election in November and the Fed's interest rate cut are both positive for the currency circle. So no matter what, the market sentiment is likely to be bullish. It has fallen by thousands of dollars in the past two days, so it is difficult to predict the next situation. From the perspective of trend analysis, we can only wait. The overall adjustment is downward. Around 65,000 is still the second target of the decline, but in the face of such a major event as Trump's victory, it is very normal for the trend to change in the face of absolute positive news.

The next market operation suggestion: No matter what kind of positive news comes out, the rise is always limited. 73,000 is the absolute pressure point. Even if it is positive, shorting at this price is still very cost-effective! At this stage, shorting at highs is not the general trend. If you don't have a position, you must be cautious and wait patiently until the US presidential election ends. After the trend emerges, there will be the best entry point.