The US election will officially arrive on November 5 local time. Many market investors are betting on Trump's election, leading to a rise in related concept stocks and Bitcoin. However, as potential returns gradually decrease and risks and rewards continue to worsen, everyone is starting to take profits. On the other hand, US stocks generally performed poorly last week, which may also be one of the reasons for the market downturn. However, the senior sister believes that the market momentum after the election is likely to push the market higher.
$BTC
Due to the impact of the election, volatility has begun to increase. Looking at Bitcoin on the 4H level, the price of Bitcoin is currently in a correction phase after experiencing a rise. From the position of the middle band of the Bollinger Bands, this is a key resistance level. If it can effectively stabilize at the middle band, there will be an opportunity to challenge upwards again. Looking at Bitcoin on the 1H level, the breakthrough of the upper band of the Bollinger Bands and the MACD golden cross support price increase. However, since the KDJ is in an overbought state, it is necessary to pay attention to the risk of a correction that may occur in the short term.
$ETH
This year's biggest bubble undoubtedly belongs to Ethereum, allowing two bulls to be stubborn in their positions.
Nearby is the 2410 upward trend line, where a drop is allowed, with opportunities for consolidation and accumulation below. 2150 is the support and resistance exchange level on the daily chart, or the bull-bear dividing line, which is very important. If it breaks, it won't be as simple as a consolidation! The importance of this can be referenced to 2810.
In the next two months, there may slowly begin to be speculation on upgrades and good news. Will it push?
$SOL
Yesterday, it broke below 160, and has currently recovered, with a large amplitude and strong desire to bottom out; the daily trading volume on Solana's DEX has consistently ranked first since October 11; SOL is currently near the second support level. If it continues to drop overnight, pay attention to the support levels around 157.6-154-150!
$BNB
I originally thought there would be a new launchpool in the relay.
The next focus is the US election. After the US election, it's the monetary policy of the Federal Reserve. One ring is tied to another. Although the election is important, it is not decisive; while monetary policy is decisive, the trend has already occurred, and it is highly unlikely that there will be a reversal. What remains to be seen is whether there will be a black swan and an economic recession. Of course, the election is still the most important right now.
