BTCUSD week Long Month short

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On the weekly chart we have a bull run towards 50% fib retracement with resistance level around $11300. However on the monthly chart looks like we have a downtrend in monthly chart with fib retracement back to 0.382 around 10000 and from there down to 8500 in Nov with US election on the way.

https://www.tradingview.com/chart/SkdMJwAk/