未来几周对比特币来说至关重要，尤其是 11 月 5 日美国总统大选即将到来。从历史上看，选举会给金融市场带来波动性和不确定性；今年也不例外。 更广泛的市场趋势可能会影响比特币的价格走势，交易员们正在密切关注比特币对这些发展的反应。如果比特币保持上涨势头，大选后的几周内可能会创下新高。Bitcoin experienced a significant rebound last week, causing Bitcoin to enter a strong buying range of around $68,900. Despite the strong momentum, Bitcoin bulls failed to push the price to the $69,000 resistance zone, and the upward pressure was indeed strong during the carnival.
The recent rally appears to be a fake break from the downward resistance trend line that has existed since Bitcoin reached its all-time high of $7,3737. The downtrend line has been the upper limit of Bitcoin's price increase since March. Although last week's rebound initially seemed to break through this trend, subsequent strong pressure indicated that the breakout was unsustainable and might require a pullback to gradually raise the low.
Bitcoin is in an accumulation phase, and its price is being suppressed by large investors and is unable to rise significantly or hit a new monthly low. Despite previous bearish pressure, the fact that BTC has yet to hit a new low reinforces the idea that the accumulation period may be over and a new bullish phase is on the horizon.
The next few weeks will be critical for Bitcoin, especially with the November 5 US presidential election coming up. Historically, elections have brought volatility and uncertainty to financial markets; this year was no different. Broader market trends may affect Bitcoin's price movement, and traders are closely watching Bitcoin's reaction to these developments. If Bitcoin maintains its upward momentum, it could hit a new high in the weeks after the election.
10.24 trend forecast:
Judging from the four-hour level, the currency price experienced a series of declines during the early morning period, showing a strong pin pattern in an attempt to drop even lower. Despite strong downward pressure, the price comparison did not form a stable consolidation at a low level; instead, it quickly rebounded and settled positive. Currently, as the volume of bears gradually weakens, the market is expected to maintain a slight upward trend in the short term. At the hourly level, after the currency price completed the pin downward movement, it bottomed out and began to rise. At present, the price comparison is firmly above the short-term mid-range. As can be observed from the indicators in the attached chart, the bulls can show an orderly trend of volume in the short term, and the moving average system is showing clear signs of upward movement. However, it is not ruled out that the intraday market will fluctuate. We can keep up with the trend during the day.
