The overall trend is still bullish, focus on short-term correcti
Affected by the US election, Bitcoin has had a strong short-term upward trend recently.
However, due to the obvious shrinkage of trading above 70,000, there is a higher probability of a false breakout and a pullback. The general trend is still bullish, but we should be careful to guard against the risk of a correction as the election sentiment cools down.
However, due to the obvious shrinkage of trading above 70,000, there is a higher probability of a false breakout and a pullback. The general trend is still bullish, but we should be careful to guard against the risk of a correction as the election sentiment cools down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.