The outcome of the general election is set, and long positions have successfully concluded. The coin price has strongly risen before the election, breaking through the 75,000 mark and even reaching around 75,481 at one point.

Since last weekend, I have been suggesting to layout a long-term bullish strategy, reminding everyone for several days to patiently hold their long positions, not knowing how much profit has been made.

Currently, there have been two attempts to break through 75,500 but have failed to extend, indicating that this price level is currently a resistance level. The daily chart shows that both the KDJ and MACD indicators display a strong reversal, forming a golden cross, suggesting that the subsequent trend remains bullish and will continue to refresh highs. However, significant market fluctuations are often accompanied by corrections, which is the natural law of the market. But I do not recommend hastily pursuing short positions now.

It is wise to seize the opportunity to follow the trend and go long. In terms of operations, it is recommended to buy during pullbacks in the evening. The resistance levels to watch above include 74,200, 75,000, and 75,500, while the support levels are 72,700 and 71,700.

It is recommended to go long near 72,600/73,000, with a target of 74,000/75,000.