It is difficult to see a big rise without a breakthrough here⚠️❗️❗️

Currently, the price of Bitcoin has been continuously resisted near $58,000 and it is difficult to rise. $58,800 is a key position. Only by breaking through here can the price break the downward rhythm since $65,000 and further rise to break through $60,000. Although there has been a good rebound this week, it has not broken $58,000 for a long time. It will change later.

Harris practiced for a few days before the debate. The strategy he implemented successfully angered Trump, causing Trump to talk nonsense in the debate. According to the latest survey, Harris's winning rate is as high as 63%, and only 37% of people think Trump will win. Judging from the current market, the US stock market has successfully risen sharply. The US stock market has risen sharply. From this point of view, if Harris wins the election, it may not be a bad thing for the crypto market. Bitcoin is deeply related to Nasdaq. If Nasdaq rises sharply, then Bitcoin should also rise.

This wave of Bitcoin successfully obtained support at $555,000, but the price has not broken through 58,700 for a long time. Judging from the current situation, it is still dominated by fluctuations. If it rises sharply, it needs to break through 58,700 US dollars to end this period of decline. Now Bitcoin is rising, while Ethereum has not been able to break through for a long time. At present, it has been fluctuating around $2,300.

Now, from the 4-hour trend of Bitcoin, MACD still maintains an upward pattern. There is no large-scale selling at present, but the dealer has been quietly shipping, and OBV has declined seriously. From this point of view, the dealer is playing a strategy of fighting and retreating, which we need to pay attention to.

At present, BTC focuses on observing the upper pressure level of Bitcoin near $58,700. If it breaks through here, the main force will have confidence in the subsequent trend. If it does not break through here, the price will further adjust.

For Ethereum, observe around $2,350. The 4-hour indicator of Ethereum has fallen below the middle track of the Bollinger Band, and the trend is already seriously weak.

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