Although there will be significant price fluctuations in the next few days, it is not much related to the data itself, nor is it significantly related to purchasing power. The key still lies in the expectations and results of the U.S. election. If the expectation of Trump's victory rises, then #BTC's price rebound is possible. If Harris wins the election, then BTC will have a short-term pullback, and the results will be like that.
So it is obvious that the recent price fluctuations are all based on expectations of the election results, but it's okay, there isn't much time left, and the results will probably be given around the 6th or 7th, so everyone won't have to stay up anymore. I'll write another article on the election topic today, it's almost done and will be posted during the day, hopefully it can resolve many of the questions that friends have about the election.
Looking back at BTC's data, as mentioned before, the current turnover reflects users' emotions regarding the election, but most of these users are short-term investors at a loss, either disappointed by Trump's victory or simply engaged in financial investment, while short-term profit investors and earlier investors still maintain very low turnover, which is why I say that regardless of the election results, it will have a short-term impact on the market.
From a support perspective, the $64,000 to $69,000 range still has strong resilience, and currently, no risks are seen. Of course, the support from the dense chip concentration area may not withstand the decline in sentiment. After Harris is elected, the possibility of BTC's price falling below $64,000 cannot be ruled out, but as long as this support does not have issues, there will still be a high probability of a rebound.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
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