Next week is a time period of large ups and downs. Regardless of who is elected in the US election, it is a phase of Favourable Information landing and turning into negative news. There will be a period of pullback in the short term. If Trump is elected, it may surge again to 72300-74000, and then may pull back to 0.618, around the lowest point of 65300 (2-day line adjustment; currently in a 1-day line adjustment period). If Harris is elected, there will be a significant downward trend in the short term, possibly undergoing a 3-5 day and weekly line adjustment (63000-60000). Therefore, bearish positions need to free up enough positions to respond promptly to replenishment or reduction actions when real-time signals appear.

Will it rush to 80,000 when it lands during the US election? It is unlikely. As for the reasons, it was analyzed in detail yesterday. One reason is that there is not enough time, and the other reason is that the price level does not allow it (there are two strong oscillation zones between 70,000-80,000, and it would require a large amount of capital to enter the market to achieve it).

In fact, in this kind of market, hedging with long positions at low prices and shorting at high prices is the best solution. Most of the time, my take profit range for long positions is also an opportunity for shorting.