Analyst: Bitcoin's daily line shows a rebound trend, the market is uncertain due to the impact of the U.S. election

According to analyst Army Duck, Bitcoin's daily line closed with a long upper shadow and a short lower shadow, showing an increase in trading volume compared to the previous day. This indicates a normal rebound trend after retracement. The MA30 line on the daily chart continues its upward trend, while MACD shows signs of weakening downward momentum above the zero axis. As previously analyzed, when prices fall to the MA30 line on the daily chart there will be a rebound but it won't form a direct V-shaped reversal. After briefly breaking through 70,000 last night, prices fell back down. Today is the final voting day for US elections; market uncertainty requires patience.

In the short term, hourly levels may still experience retracements without affecting overall uptrend. Regardless of election results, Bitcoin's major cycle uptrend will continue. Key resistance levels on daily charts are at 70500-71700-72700-74000-75000 and support levels are at 68050-66950-65720-62700.

From an hourly perspective currently running is a 12-hour -1-day-line rebound within which is a 30-minute -1-hour rebound trend . For short-term operations you can try going long at around 68700 and shorting around 70600 positions. According to liquidation heat maps from past three days, large amounts of shorts await liquidation in areas between70400 -72000, whereas large amounts of longs await liquidation between 68550-68150 and67800-65100 zones.