[Before the election, why are 70,000-70,800, 67,300-67,500, and 65,500 the key positions for Bitcoin]

Chart champion Daniel pointed out yesterday afternoon that the current important resistance level of Bitcoin is in the 70,000-70,800 range, which includes the convergence of multiple technical indicators, such as the high point and end point of the previous day's high value zone. The support level is 67,300-67,500, which is the POC area and the trading volume concentration area, which has a strong support effect. The key support level is 65,500.

If the price rises to the 70,000-70,800 range, consider shorting, and the target can be set at 67,500-67,300. It is recommended to use a trailing stop loss to protect profits. You can look for long opportunities in the 67,300-67,500 support area. If it falls below this area, you can look for lower-priced long opportunities around 65,500, and the long-term target is 75,000.

Due to the US election and FOMC meeting this week, it is recommended to reduce the frequency of transactions, tighten the stop loss range, protect existing profits, do not over-trade, and wait for clear signals.

Daniel believes that the short-term trend of Bitcoin is downward, but the weekly and monthly trends are still upward. The historical high of 75,000 will eventually be broken. It has not yet created a new high after the CME period. This is an unfinished task.

It is equivalent to asking everyone to take more at 67,300-67,500. If it falls below here, look at 65,500. He believes that the new high of 75,000 will definitely be reached. If there is a callback, it is not so deep. 65,500 is the top.

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