November 5th BTC Report:

Not only has it failed to bring a daily-level correction, but it has also continued to drop below the bull-bear line, so the next target will look directly towards the vicinity of 60,560 and 62,000 (5-0 bullish). Today marks the seventh consecutive day of decline, and from the market perspective, no matter the election results, there is still more to drop ahead.

In the medium-term trend, it continues to be in a state of pure decline without structural changes, lacking the trend conversion process. Therefore, at present, it seems that the subsequent market may first touch 60,560 and then adjust and fluctuate around the range.