The Last Week Before the Election: Where to Buy the Dip on Bitcoin?

This week, the Americans have deployed to the Middle East, and Israel has launched airstrikes on Iran, leading to a collapse in the crypto market and causing a Black Friday crash. However, this has not reversed the trend. With the election approaching, can it drive the market to new highs?

Regarding the election, I won’t elaborate much here. I can only say it’s truly inconvenient; it’s definitely bullish, and historically, after every election, there has been an upward trend.

From a technical structure perspective, I still believe the monthly K-line will ultimately close in a bullish pattern. October will end with a recovery and no breakthrough to the upside, and no extension to the downside, mainly focusing on consolidation at the end of the month to build momentum for the next upward cycle.

Looking at the weekly K-level, there are signs of a bullish channel ready to take off, but there isn’t enough volume to support it. The focus remains on retracement and correction for building strength. The previous highs did not pull back but rather retraced, ultimately recovering with bullish momentum; an upward move is just a matter of time.

For wave and medium-term strategies, we firmly hold a bullish outlook; buy the dips.

For wave and medium-term operations, I personally suggest focusing on the 65,500-66,500 area to go long, aiming for 70,500-72,500.

For long-term operations, I personally suggest going long around the 66,000 area, aiming for 75,000-80,000.

Though the road is long, we will reach our destination; though the task is tough, we will surely accomplish it. Let’s wait and see; the pattern determines the space, and the space determines future life. Do not worry about a busy road ahead; we will ultimately reach #年底牛还熊？ #战火将如何牵动加密市场？ #盘整行情分析 #美国大选前行情观察 $BTC $ETH .