The narrative of the U.S. election is intensifying and has become the biggest focus in the current market! According to AICoin (aicoin.com) data, multi-cycle signals indicate that BTC is facing a critical decision, as detailed below:
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90-Minute Custom Cycle:
BTC is testing the EMA52 moving average resistance (level: 68,785), while the MACD has formed a line divergence (bottom divergence). If it breaks through the moving average, pay attention to the resistance at the peak of the chips at 69,530, with support from the moving average and chip peak at 68,405.
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4-Hour Cycle:
After forming a morning star pattern at a low and stabilizing in the Vegas tunnel zone, it is now rebounding to test the MA20 moving average (level: 68,770). If it breaks through, it could rise towards the MA40 moving average, with support below focusing on the Vegas tunnel.
Daily Level:
The MACD has formed a column divergence, with the fast and slow lines needing to return to the zero axis. Meanwhile, the J line of the KDJ indicator and the RSI have formed a top divergence resonance, indicating BTC is facing a critical directional decision. If it can stabilize above the EMA24 moving average support after closing and break through the middle line of the upward parallel channel, it is expected to return above $70,000; if the breakout fails, it may test the EMA52 moving average support.
• Resistance Zone: 68,770~68,785, 69,500~70,000
• Support Zone: 67,760~67,355, 65,735~65,555
Data is sourced from technical indicators for reference only and does not constitute any investment advice!
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