💥The US election is coming, market volatility is intensifying, and there is a risk of a sharp drop before the 7th!
⭐The election process will begin on the 6th Beijing time, and the results are expected to be announced on the 7th at the earliest. Since Trump is also good at making trouble, there may be other unexpected events that delay the result by one month; the results of the 2020 election were basically announced on the 7th;
💥This week, we will focus on the election results. The election will bring drastic fluctuations to the cryptocurrency circle; if Harris is elected, BTC may fall back to the 60,000-63,000 range, ETH2100-2250, and the trend of the cottage is still not optimistic. In a pessimistic situation, it may directly follow the main weekly decline, and continue to fall by more than 20%;;
⭐If Trump is elected, a new round of market will start after bottoming out at 66,000-68,000 in the near future;
Short-term BTC rebound resistance 69,000-70,500, ETH2490-2530;
Technically, BTC has basically fallen back to the long-term downward channel, and the upper 71,000 has become a super strong pressure in the near future;
💥The market share of the cottage has fallen below, and it has not bottomed out ; BTC market share is still rising, so when BTC pulls back, the pullback of the altcoin will be much greater than BTC; The main altcoins have already talked about the weekly main falling wave structure last week, and they need to stand firm this week to be lifted. If they cannot stand firm, they will continue to fall.
⭐ Operation ideas:
At present, you need to wait more and participate in large positions after the election is finalized. The altcoins should be noted that they are high-risk and reduce their allocation; At present, at least 60% of the total position is reserved to wait for the election results, and buy back as soon as it stands firm or wait for a sharp drop to buy the bottom;
