Warning about BTC in the next few weeks. - BTC is approaching the old peak of 70-73k. But the price running before the news is something that everyone has heard. - The driving force for BTC's price increase comes from the presidential election when both the Republican and Democratic parties show preferential policies for BTC. In addition, the financial market is leaning towards the Fed continuing to lower interest rates, causing a large amount of USD from the US to flow into the financial markets. - What will happen when the election is over and the Fed announces a rate cut? That will definitely be a strong increase. But usually before a strong increase, it is very easy to be swept away by liquidity from the Long side. - According to the schedule, the US presidential election is on November 5 and the FOMC meeting is on November 6-7, which is in the second week of November. => there is a possibility of a bloodbath in the market in the short term when these two news are released only a few days apart in a week. Because the bookmaker always knows how to kill long-short to benefit themselves. - There are 3 milestones to pay attention to if this event occurs. 62k, 60k vs 58k. Those are 3 important milestones if the bookmaker decides to kill Long. PS: This is just a personal opinion and absolutely does not encourage short BTC. We only look for Long BTC points when the market is up and short BTC when the market is down. Absolutely do not go against the trend until the market changes. Do not predict the top and bottom. It is safer to ride the waves than to go against it. No one wants to fight alone against a crowd that is screaming madly. That is not a very smart thing to do. $BTC #BTC☀ #baucutongthongmy2024