Good afternoon, brothers! Woke up to a massive surge; Bitcoin has already broken a new high. The spot market is comfortable. Bitcoin really can't be trapped at any price; any brothers brave enough to go long make me envious!
The election has a lot of volatility, so it's suggested to observe. I mentioned this a couple of days ago, which is why I haven't moved. Currently, Trump's unreliable vote count is leading by a wide margin, causing a surge in coin prices, making short sellers uncomfortable. However, don't worry; good news turning into reality will definitely cause a pullback!
For crypto players, everyone hopes Trump comes to power. After all, Bitcoin has such a high price, and he has played a significant role. Firstly, he supports tax cuts, and secondly, he strongly supports and embraces Bitcoin, promising to fire the SEC chairman upon taking office and will consider Bitcoin as a strategic reserve asset for the U.S., which is definitely good news!
Today's market analysis:
$BTC Bitcoin made a slight mistake last night; the line drawn was at 68667, but the text was 68586. After hitting the first resistance level, it jumped to 68650 and took off directly, and it has now broken a new high!
If there is a dip today, pay attention to the support levels around 72720-70980-69655. If it continues to rise, look at the previous high of 75660. After breaking through, there will be no resistance, just wait for the market maker's mood to drive the price up!
$ETH Ethereum is lagging behind; Bitcoin has reached a new high, yet it is still dragging. After hitting the first support level in the early morning, it began to rise.
If there is a dip this time, pay attention to the support levels around 2530-2476-2443. If it continues to rise, keep an eye on the target/resistance levels around 2626-2666-2695!
$SOL SOL is really strong; it started to soar when it hit the white line during the night, rising 14 points, backed by Wall Street, which is impressive!
If there is a dip this time, pay attention to the support levels around 179-175-172. If it continues to rise, keep an eye on the target/resistance levels around 189.3-193.9-202!
BNB surged to the first resistance level last night and then retraced to the white line before starting to rise. You might say it didn't perform well, but it is better than Ethereum, which shows the value of platform coins; they won't spike dramatically unless there is an issue with the exchange!
If there is a dip this time, pay attention to the support levels around 577.3-570.6-563. If it continues to rise, keep an eye on the target/resistance levels around 589.3-596.5-606!
Note: Today's surge is due to Trump's high vote count, which caused the rally. Until it is confirmed who wins, it is better to maintain a cautious attitude. If the result reverses, the market will also reverse!
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