📣The election is about to conclude! Will the results affect the Bitcoin trend? How should we respond?📈

As we await the results of the U.S. presidential election on Tuesday and Wednesday, the market will continue to fluctuate. In the short term, the election will completely dictate the price trend. However, once the situation stabilizes, if the previous voting patterns repeat, Bitcoin (BTC) may experience a significant rebound.

From the four-hour Bitcoin trend chart:

【Price Trend Analysis】

Candle Pattern:

Recent candlesticks show significant volatility, especially in the days at the beginning of November, where the price rebounded after pulling back from a high. A long lower shadow candlestick has formed on the daily chart, indicating some buying support near the low.

Technical Indicators:

MACD: In the 4-hour cycle, the MACD is in the negative region, but the DIF and DEA are gradually converging, which may signal signs of a bullish reversal in the short term.

RSI: The current RSI is near 50, not entering the overbought or oversold range, indicating that the market currently lacks a clear trend direction.

EMA: The price is currently above EMA7 but close to EMA30. If it can break through EMA30 (69031), it may rise further; otherwise, it may face pressure.

Trading Volume:

The trading volume has increased in recent trading days, particularly earlier on November 5, showing an increase in market activity. During the price rebound, the trading volume did not significantly decrease, indicating that market participants are still observing the current price levels.

Bitcoin Short-Term Profit Strategy on the Evening of 11/5:

It is recommended to enter long positions around 68600-68800 for Bitcoin, with short-term profit targets at 69400-69800. If it can stabilize above 70000 again, you can continue to hold!

If there is a pullback, it is advised to add long positions near 68000, with targets at 69100-69800!

I specialize in macro forecasting for BTC and ETH, precise trading, and creating opportunities through analysis. Taking the first step is the most important! I hope more people can learn the ability to make money and see profitable opportunities through me, achieving the desired gains! For free guidance on implementing strategies, click on my profile to follow my homepage introduction. Let's dance with the market together! #美国大选后涨或跌？ #ETHBTC汇率新低 #11月市场预测 #11月市场预测