11.7 BTC witnesses history breaking new highs again, first look for a pullback during the day before looking for a rise.

The Bitcoin daily chart shows a strong upward trend, significantly influenced by the U.S. elections. Bitcoin continues to rise, breaking new highs, with the morning session reaching a peak of around 76,400. Looking at the trend, there is still room for further increases. From the daily and 4-hour charts, it is advisable to first pull back to confirm support before looking for upward movement. After a significant rise the previous day, a slight adjustment followed by another new high in the morning is expected. The gaps below and confirmed support need to be validated for a healthier upward movement. For the future upward channel to reach higher and further, a pullback is necessary, and attention should be paid to several important levels to respond accordingly.
It is recommended to short Bitcoin at the current price of around 75,400-75,500, defending against new highs, with a target of 74,200-73,800;
Pay attention to the two support levels at 74,200 and 73,500. 74,200 is the starting point for breaking new highs after a pullback, while 73,500 is the position of the previous high's top-bottom conversion. Once support in this area stabilizes, a bullish outlook can be considered. The market is ever-changing, so specific strategies should be monitored for real-time updates!
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