Yesterday afternoon, the price of $BTC Bitcoin fluctuated and rose around $62,400, reaching around $62,600. At this time, you can consider shorting because there is resistance above $63,000. After that, the price slowly fell to $62,200 and consolidated at this level. In the evening, as the U.S. stock market opened, the price of $BTC Bitcoin fell further to oscillate in the range of $61,600 to $62,000. At a critical moment, someone seized the small fluctuations in the market and gave a short-selling suggestion around $61,950, with a target of $60,600.
The uncertainty of the U.S. election may cause Bitcoin to continue to fluctuate within a certain range.
Tonight, CPI and employment data will be released, and we can expect whether the market will have unexpected performance.
The operation suggestion for Bitcoin is: go long in the range of $60,400 to $60,600. If the price drops to $59,800, you can increase your position to go long, set the stop loss at $59,500, and target $62,000.
The operation suggestion for Ethereum is: go long in the range of $2,370 to $2,380. If the price drops to $2,340, you can increase your position to go long, set the stop loss at $2,320, and target $2,450.