Thursday Morning Bitcoin Market Analysis and Trading Suggestions:
Bitcoin successfully stabilized above 75000 in the morning, followed by a surge in bullish volume, with the price rising to a high of 76420 before experiencing resistance and retreating. It is currently oscillating around 75000.
A strong bullish candlestick closed high today, continuing the trend of setting new highs, indicating strong bullish momentum.
Historically, election positives typically last for three months, so it is unlikely that the result of this election will become a short-term peak.
The daily trend shows a clear upward movement, and Bitcoin is expected to challenge the 77000-78000 range. If it breaks through this level, there will be an opportunity to further advance towards 80000.
Currently, it is in a slow bullish squeeze market, with no signs of a short-term volume drop. The upward trend is expected to continue.
This week, it is likely to continue making new highs, and it is recommended to maintain a bullish outlook.
Morning short-term trading suggestion: If Bitcoin pulls back to the 74500-75000 area, consider trying to go long, targeting 77000-78000.
