Monday Evening Market Analysis Suggestions

In the current situation, the market is waiting for the final outcome of the showdown between Trump and Harris. The market is wavering, and there is a more cautious outlook on Trump's chances, with clear signs of pullback. Regardless of who takes office, the cryptocurrency sector will experience a strong reaction.

From a technical standpoint, the 4-hour chart has broken below the ascending trend line, significantly reducing bullish momentum, and market sentiment continues to decline. Flexibility is required to adapt and avoid blindly following trends. Previously, we based our support judgment on market enthusiasm, predicting that support would hold and looking for a bullish rebound. Now that it has broken, we must align with market sentiment.

Although Musk has posted to boost morale, the market rebound lacks strength, making short-term operations more challenging. The U.S. stock market is also at a decision point, with global finance waiting for a clear signal, and the risks of chasing gains or cutting losses are high. The range is tentatively set at 69500-67500. This evening, it is suggested to maintain a bearish stance initially, and after a low-level consolidation, reconsider short-term bullish strategies.

Monday Evening Thoughts

Bitcoin pullback to the 69200 area can consider long position #美国大选后涨或跌？