Good afternoon, traders! I took a quick break, and it feels like the entire market shifted. Bitcoin has shattered its all-time high, and while the U.S. election results remain tentative, with Trump leading, the market is on fire. However, if Harris stages a dramatic comeback, we might see chaos unfold. Remember, this is beyond our influence, so all we can do is observe. I’ve stressed this over the last few days, and I’ll say it again—trade carefully, especially when reacting to news. Without solid, up-to-date information, entering trades is like walking on thin ice, and your positions could disappear without warning.
BTC Analysis: Bitcoin is now sitting at a new peak with no resistance above, leaving the door open for potential gains. Predictions of 85K or even 110K are out there, but they’re pure speculation. Jumping in now could be risky, as a pullback could follow any quick rally. Often, when the news turns positive, the market finds a way to turn it on its head.
From a technical perspective, Bitcoin has surpassed its historical high, but I won’t try to guess its upper limit. Instead, focus on potential support levels below. Watch the two key zones around 72,150 and 71,000; these levels could provide a cushion in a typical pullback. If BTC falls through these supports, a deeper retracement could be on the horizon. For those holding long positions, keeping an eye on these levels is essential. #BTC🚀
ETH Analysis: Ethereum continues to show weakness, recently breaching daily support levels. However, if it can hold above 2,580 today, we could see a recovery. Today’s crucial support sits at the 2,580 mark—if ETH holds here, it has a shot at rebounding, with an upward target around 2,710. Should it fall below 2,580 on a retracement, it may struggle to regain footing. For further downside support, keep an eye on the range between 2,480 and 2,420. #ETH🔥🔥
SOL Analysis: SOL is on a rapid upward trend, approaching a key resistance area. Watch the upper resistance around 200. If it manages to clear this level, there’s potential for a climb to 215. This is a good area to consider trimming positions if SOL meets resistance. For lower support, monitor the zone near 180 and 174. Should SOL dip below these levels, it could signal fading buying pressure and an opportunity for a deeper pullback. #SOL🚀
#ElectionNightBTCGuess #ETHBTCNewLow #NovemberMarketAnalysis
