In the context of an intense election, the results from some states are still unclear, according to polls. The viewpoints of both sides are not consistent, currently polls show no clear discrepancy! The competition is still fierce and the market is rising strongly.
Returning to the technical analysis, after six consecutive days of decline, today the price has had a large bullish candle, currently priced at $BTC is trading above the average line, the three lines of the Bollinger Bands are trending upwards, the J line of the KDJ has turned upwards, and the volume of the MACD is also gradually decreasing, indicating a clear sign of halting the decline!
Looking at the four-hour timeframe, the price broke through the upper line yesterday and closed with three bullish candles, currently the price is adjusting downwards below the upper line, KDJ has created a golden cross upwards for the second time, MACD has also made a double golden cross upwards, and trading volume is increasing!
Combined with the performance of the US stock market yesterday, this market opened low but recovered strongly and ultimately closed with a surge! Therefore, today we just need to wait for a correction to buy in! The upper resistance levels to pay attention to are 72000 and 73000, while the support levels are 70000, 68700, and 67700.
Proposed strategy: Sell around the 71500-72000 range, targeting towards 69000-68500, conversely buy around the 69000-69500 range, aiming upwards towards 71500-72000.
Wishing everyone a successful new day
