Analysis of $BTC with Elections and Liquidations 🩸
Liquidation Map: There are key concentrations at $66,500 and $67,500. This suggests that if the price of #Bitcoin approaches these levels, there could be strong volatility due to the liquidation of leveraged positions. It is likely that if the selling pressure increases, the price will fall to $65,500, where we could see important support.
Technical Indicators: The MACD shows a possible short-term bullish trend, but the RSI is at near-overbought levels, indicating that we could see a correction before a stronger move higher.
Impact of the US Elections: As we have seen, historically, markets (including #BTC ) tend to correct before elections due to uncertainty. However, after the results are defined, there is usually a bullish #rally . This coincides with the possibility that BTC will first drop below $66,500, and then, after the elections, rise towards $70,000 or more, driven by greater political clarity and expectations of favorable monetary policies.
In short, we expect a short-term correction that could be a good entry opportunity, and then a post-election rally, as long as the key levels are respected. It's a good time to be alert! But beware, I consider that without being greedy you can take a short at this time, maybe I'm wrong but that's what I did, taking into account that you can still liquidate a couple more shorts, but too much greed to want a perfect entry with so little experience. I leave it to the best.
ATTENTION: IT'S NOT ABOUT BEING A BEAR, you have to be objective.
Today, Iran launched 200 missiles at Israel, the most serious attack so far in the conflict. This raises tensions, and a strong response from Israel is expected. With the US elections approaching, this conflict could be used as a pretext to avoid further economic instability.
CLARIFICATION: I DON'T UNDERSTAND ANYTHING
