Election voting is imminent? Let's take a look at the main concentrated liquidation points for bulls and bears from the liquidation map.

Bitcoin has currently fallen from its previous high to a low of 67,400, which is an 8.4% drop. However, due to the impending announcement of the U.S. election results, many are betting on Trump winning, so the bullish strength remains strong. Now, where do both bulls and bears need to pay attention to concentrated liquidation points? Let's take a look at the liquidation map:

From the map, the forces of both bulls and bears are still balanced. This recent rise has not broken through the previous high of 74,000, and with the election results being announced soon, many expect the price will likely touch 74,000. This is why, although the price has sharply dropped in a short time, many still opened long positions during this process.

Currently, the concentrated points for bears are around 69,600-69,880, with a liquidation intensity of 306 million dollars. Meanwhile, the liquidation concentration area for bears accumulates up to around 70,589, with a total liquidation intensity of 483 million dollars.

So, for those on the bear side, the key area to watch is around 69,800. If liquidity is reached in this vicinity, will there be another wave of liquidation for the bulls? Because not far below the current price, around 67,200, there is a CME gap that hasn’t been filled.

On the other hand, the currently concentrated liquidation points for bulls are at 67,600 and 66,980, with liquidation intensities of 290 million dollars and 440 million dollars, respectively. The concentration area for bulls has accumulated up to around 66,780, with a total liquidation intensity of 466 million dollars. Therefore, the key positions for bulls are quite clear, specifically around 66,800-66,900. This is not only a concentrated liquidation point but also the position of the CME gap.

Additionally, the U.S. election is about to start voting, and the market generally believes that if Trump is elected, it will result in a sharp increase, while Harris's election would signal a bearish trend. This statement is undoubtedly correct. However, for short-term players, the BTC market has recently responded to major news with both bullish and bearish spikes. Therefore, betting before the election announcement must be cautious. What are your views on the current market? Feel free to leave a message for discussion.