$BTC The partners of the gambling news have good fortune!
The next two days will be the second most important news days of the year, #美国总统大选 is about to enter the vote counting stage! Are you fully invested in gambling or watching from the sidelines?
On the market, Bitcoin has shifted from a one-sided decline to a consolidation phase. Since it is an important news day, I suggest trying to find only the most critical positions for trading.
--- First, let's talk about this four-hour EMA moving average, which has not been effectively broken below. Since it is a four-hour moving average, it must be broken in four hours to be considered weak!
--- 65500 is the critical bullish structure breakdown point, and currently, the cycle still maintains a bullish structure. Don’t get confused by this week's pullback!
--- The bull-bear boundary is at 71600; once broken, it is likely to hit new highs!
--- The short-term bull-bear dividing line is at 69200; if it doesn't stand above this level, we cannot expect a stop in the decline.
👉 If Trump can be elected and does not break above 71600, I will look for a pullback; if Harris can be elected and does not break below 65500, I will look for a rebound. This is my thought process for the next two days~