• As anticipated, BTC is retracing after reaching the peak resistance zone and is currently trading within the local demand zone of 68.2k-69.4k.

• If this zone hold, we may witness its movement towards its all-time high and beyond. However, it is crucial to acknowledge that two significant events this week could introduce substantial volatility in the coming days.

• The first event is the US Elections, scheduled for November 5, 2024, and the second is the FOMC meeting on November 7.

• Given the potential impact of these events, we might observe another leg down for BTC, potentially reaching the 66.5k-64.5k zone before its final surge.

• Consequently, the overall market may experience heightened volatility. Therefore, it is advisable to manage risks effectively and trade cautiously. We will endeavor to provide regular updates accordingly.

Trade Safe !!!