🚨Bitcoin & Crypto Market Update in Relation to the US Election🚨

⭐️Bitcoin’s Crucial Stage:

Bitcoin is currently trading at a critical level. It’s either going to retest its previous resistance/channel top and bounce back, or it could break this major support and re-enter the channel. The $67K - $67.5K range is a significant support zone, and Bitcoin needs to hold above this level to maintain its bullish momentum.

⭐️US Election Impact on Bitcoin and Crypto Market:

The upcoming US election is creating a lot of uncertainty in the crypto market. Donald Trump’s winning probability on Polymarket has been declining, while Kamala Harris’s odds are rising. Currently, Trump has only a 10.6% lead. With just over a day remaining until the election, any surge in Trump’s odds could spur a recovery in Bitcoin, while Harris’s continued lead could add pressure to the crypto market.

⚠️Important Note:

Regardless of whether Bitcoin holds above this support or re-enters the channel, if Trump wins, we could see a significant pump in the crypto market. Conversely, a Harris win could lead to a sharp downturn. However, it’s not as simple as saying "Trump wins, market pumps" or "Harris wins, market dumps." Market manipulators may try to influence Bitcoin prices in both directions, making it hard to predict short-term movements. Technical analysis may not be as reliable right now; instead, keep an eye on fundamentals like US election news, Polymarket polls, and tomorrow’s US stock market opening could all play pivotal roles in the crypto market.

✨Trading Tips:

• Use smaller trade amounts

• Apply low leverage

• Set tight stop-losses

• Avoid multiple trades at once

• Focus on proper risk management