While elections typically don't have a direct impact on cryptocurrency, this upcoming election is poised to shape investor psychology significantly. If Trump emerges as the winner, we may see a bullish sentiment, leading to green market trends. Conversely, if Harris wins, the market may lean bearish.
Investors should approach the market cautiously, especially if we witness substantial upward movements in Bitcoin's price. If Trump wins and big green candles appear, it’s essential not to invest impulsively, as there is a risk of significant losses due to market greed. A new all-time high (ATH) for BTC could signal a potential major pullback, so it's crucial to be wary when opening long positions during this volatile period.
In summary, the election outcome could influence market sentiment, but investors should exercise caution and not rush into investments based solely on market hype.
Moreover, in my previous posts, I have provided every major level of $BTC from support to resistance, which you can check out.
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