October 28

Bitcoin challenges the previous high of 68800 again!!

In terms of news

This week's US economic data is relatively positive. With the US election approaching, there are still significant policy risks in the market. Many issues such as US tariffs, inflation, and deficits do not have good solutions, and the overall fundamentals subtly support the coin price in a bullish pattern.

The intraday market shows a strong bullish trend, operating near the high point. Based on the high not breaking and consolidating at a high level, there hasn't been much downward movement during the intraday European session, so in the evening we will focus on whether the high point pressure holds. If it does, we can short around 675 and then try to enter long if there’s a rebound upwards through the breakout.

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