$BTC
Early this morning, the market experienced severe fluctuations, with prices once soaring to around 66,800 points, significantly increasing the risk level. Currently, market participants are anxiously awaiting the upcoming election results, and market sentiment has shown clear volatility. The previously one-sided institutional attitude has now become evenly matched, with a more cautious stance on Trump's probability of victory, and the market has shown obvious signs of correction.
Regardless of who ultimately holds power, it will be a tremendous upheaval for the cryptocurrency market, as prices may undergo intense fluctuations. From a technical analysis perspective, the 4-hour chart has already broken below the ascending trend line, leading to a significant number of long positions being liquidated, and market sentiment still leans towards a downward trend. In this situation, investors should not blindly follow either side, as such reckless behavior can easily lead to losses.
Today, Musk also released an inspiring tweet, but the market did not show a strong rebound; bearish sentiment seems to be more pronounced. Everyone is holding their breath, expecting that before the election results are revealed, prices will fluctuate significantly between 66,500 and 69,500. Prior to this, bearish sentiment may dominate. #美国大选后涨或跌？ #美联储利率决议来袭 #11月市场预测 #美国选情僵持 #非农就业人数大幅降温