The pullback is not over yet, with 6 consecutive downs not stopping the decline, continue to focus on short positions!

From the liquidation data, today is almost a 50-50 situation, both long and short positions have been taught a lesson back and forth! In this kind of volatile market, do not operate frequently, especially avoid going all-in, chasing highs and cutting losses, and do not be too overly confident! In the past 24 hours, long positions have been liquidated for $76.8281 million, and short positions have been liquidated for $76.5359 million. The market is bouncing between 69300 and 68200, and those who like to chase are likely to get hurt!

Currently, the election hype is in full swing, with Trump and Biden appearing to be neck and neck. Who will ultimately win is unknown, but looking back at past elections, they have all been favorable for the crypto market, often becoming the catalyst for a price surge. This also encourages more people to buy the dip! However, looking at the current market, it is still weak, the pullback has not yet reached a stable point, and the downward trend cannot be stopped. The daily chart has seen five consecutive bearish candles breaking through the middle track support, MACD bearish momentum is increasing, and KDJ has crossed downwards with no signs of a rebound, so the operation should still focus on short positions!

On the 4-hour level, it has been under pressure from the middle track, and is now testing the lower track support. The low point of 67446 from yesterday's pullback does not seem to hold, and the lower support levels are indicated, looking at 67000 and 66600. If these levels are broken, we could head towards 65500. Our short at 69300 can be reduced at 68000, then continue to look down at these support levels. If there is a rebound near 69000 and 69500, we can add back the reduced short position!

The ETH has reached the 2420 level; if this level cannot hold, then we need to pay attention to the support at 2380 and 2330. For our short at 2490, remember to reduce the position if you haven't already, and continue to look down. If there is a rebound, we can continue to add to the short position at 2480.

The midnight strategy remains primarily short, as there is little confidence in the long positions during the rebound. If yesterday's low cannot hold, the strength of the rebound is unlikely to be significant. The day session has already seen several rounds of oscillation, and the midnight session may not follow this range, so short at 69300 and short at 2490 for ETH, gradually reducing positions and holding steady, as there has not been a rapid surge situation, so there's no hurry to exit completely! #美国大选后涨或跌？ #美联储利率决议来袭 $BTC $ETH