BTC continued to fall yesterday, falling below 67,000 for a short period of time and quickly recovering. Expectations for this round of decline are related to the upcoming end of the general election. The capital gap is now almost complete. The bottom divergence is already very clear. The intraday rebound is expected to rebound. Currently, Trump's approval rating is even higher. It is possible to follow up on the construction of Tibet during the day, and the daily level remains healthy and at the weekly levelGolden forkIt has taken shape, remains strong, and remains bullish in the future

Second cake followed the simultaneous decline of BTC yesterday. It fell to around 2,350 in the current 4 hours. Currently, the pattern is also diverging. It is expected to rebound in the current 4 hours. It can follow up with the construction of Tibet. It will continue to be bullish in the future. The target range of 2800-3000 remains unchanged

The copycat side followed the mainstream and declined at the same time. SATS continued to hold patiently. Liquidation can be considered at around 50, PEDPLE mid-line holdings can continue to wait, DOGS holds, and FTM maintains holdings

Intraday market analysis

BTC's 1-hour and 4-hour levels are below healthy levels, and the daily level is expected to rebound. It is recommended to follow up. Large-cycle expectations have not weakened. The lower intraday support is 67000-67500, and the upward resistance is 69500-70000

The 1-hour and 4-hour levels of ETH are below the healthy level, and the daily level is below the healthy level. It is recommended to build and follow up on reserves. The upper resistance is 2500-2530 during the day, and the lower intraday support is 2350-2400

Judging from the forecast market, Trump's approval rating is slightly higher than Harris's, but the forecast is currently suspended, so all we can do is wait for the data to be released. Due to the time difference between China and the US, we will know the final answer on the 6th China time. The market may fluctuate greatly at that time, so it is recommended to adopt a prudent strategy, not operate, and wait and see until the results are revealed. We have reason to believe that BTC will reach a new high, and even if Trump fails to win, it won't have an impact on Bitcoin's long-term trend.

There are many opinions in the market about who will be elected president, but as bystanders, we only need to observe and be patient. If Trump wins, it is not because he particularly supports cryptocurrencies, but because he focuses on industrial development and may adopt rapid interest rate cuts to depreciate the dollar, thereby stimulating exports and reducing trade deficits. This will cause US bond yields to fall, thereby weakening safe-haven demand for gold, while rapid interest rate cuts may be beneficial to BTC. In contrast, Harris may slow down interest rate cuts to maintain the strength of the US dollar and attract more capital to stay in the US, which may be beneficial to US stocks.

Therefore, no matter who comes to power, the impact on the market is not absolutely favorable or negative; it is more interpreted from a short-term and long-term perspective. Overall, for coin holders, it is recommended that they not rush to operate and wait patiently for the market to reverse; those with short positions can wait for a while and wait for the market to become more clear.

Top altcoins to follow

DOGE

Currently, the price of Dogecoin (DOGE) reached $0.16609, an intraday increase of 3.60%, and the trading volume reached $2.65 billion.

The K-line chart shows that it is currently in a volatile trend. There is a slight increase compared to 21:00 yesterday, but a slight decrease from 20:00 and a slight decline compared to 19:00. The simultaneous rise in price and trading volume indicates strong buying in the market, showing that buyers are willing to make large transactions at higher prices. Market sentiment is optimistic and bullish sentiment is strong.

In this situation of strong momentum, the price of Dogecoin is expected to rise further. Investors are advised to pay attention to breaches of key resistance levels. If the price can continue to break through and stabilize at a higher position, it may confirm the continuation of the upward trend and bring further upside.

The entire network sold out $0.211 billion in the past 24 hours

In the Bitcoin market fluctuated and declined, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidated positions exceeded 0.21 billion US dollars (bulls accounted for 0.157 billion US dollars), and more than 0.083 million people were liquidated.