Whether it's high in the sky or low in the market, it all seems to be equally matched. With the election finally concluded, looking back at the liquidation numbers from the past 24 hours, according to CoinGlass statistics, more than 126,000 people were liquidated in the last 24 hours. Among them, long positions faced liquidations totaling $210 million, while short positions were liquidated for $370 million, both suffering heavy losses. Upon closer inspection, it is evident that short positions faced more liquidation. The price breaking historical highs of $75,600 exceeded everyone's expectations. The election is finally over, and both bulls and bears have learned their lesson, leaving them stunned; past grievances are reset, love and hate are at will! The focus now shifts to Friday's Federal Reserve meeting, which is bound to be an extraordinary day, and the cryptocurrency market will experience another wave of turmoil!
Currently, Bitcoin's price is around $74,500, undergoing a consolidation recovery. The market shows a strong upward trend, and the bulls have not yet diminished in volume, so those looking to short can wait a bit longer, there's no rush, with a primary focus on low long positions. Support levels to watch are $73,500 and $72,700, while resistance levels to pay attention to are $74,800 and the previous high of $75,600.
As for Ethereum, its current price is around $2,650, also with a primary focus on low long positions. Support levels to watch are $2,610 and $2,570, while resistance levels to keep an eye on are the intraday high of $2,670 and the previous high of $2,720.
The above is just a personal opinion; investing carries risks, and caution is advised when entering the market! #DOGE看涨情绪飙升 #BTC创历史新高 #山寨季将至? #美国大选后涨或跌? $BTC $ETH