#美国大选后涨或跌?
Attention! BTC big news!
Case 1
Looking at this picture, many short positions have been cleared, which often means that shorts are about to be squeezed. In this way, the price of BTC may rise in the short term, because shorts have to buy back at a high price. In this way, more people will buy, and the price will naturally go up.
Case 2
BTC is about to touch the recent high point, and RSI is about to reach the overbought zone. This may mean that before going up, it must first pull back or consolidate. However, if BTC can break through the current resistance level, the rise may not stop.
Technical points to keep an eye on:
Resistance level: Now, the resistance between $75,000 and $80,000 is quite large. If it can break through, BTC may be able to try the $85,000 to $90,000 area.
Support level: If BTC pulls back, the nearest support is about $70,000, and then $65,000.
Short-term prediction
In the short term, RSI is a bit overbought, and BTC may have to linger around the current price, pull back or trade. However, if there are still many buyers, BTC may be able to rush to $80,000.
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