The election is approaching, will the Bitcoin price rise first or pull back first?

A new week has begun, and the Bitcoin price has once again touched around 68300. Excluding the impact of news, based solely on technical analysis, the current price around 68050 is being pressured downward by the upper Bollinger Band at 68300 and has also just touched the upper resistance of the downward trend line, leading to a decline. We are currently waiting for another test at this position. This position can be used to take a short position with a stop loss, as the market will be quite unstable with the election approaching; it is recommended that all strategies be primarily conservative.

The KDJ lines on the four-hour chart are about to converge, forming a death cross with downward indications. The 9-day RSI also begins to turn downwards. It is essential to pay attention to the support levels at 67400 and 67000, and the resistance levels at 68300 and 68650. We can consider taking a high short position at this level and wait for the testing strength below to choose an exit point. Specific strategy:

$BTC 68300-68600 short position entry, stop loss at 69200, target at 67300-66600; specific exit points will be updated later. #Tether否认调查和制裁 #年底牛还熊？ #美国大选前行情观察 #鄂B炒家