24/11/02 The U.S. enters the countdown to the election, BTC tests 68800 again, pay attention to the support of the daily upward trend.

The U.S. election is entering the countdown. Yesterday it quickly dropped to 68830, rebounding to 71632 in the evening. After 1 hour, a K-line quickly plunged to support at 68800. Overall, the K-line is still above the Fibonacci 0.618 and hasn't broken the bottom of the strong bullish line on October 29. Use this as a pivot point for bullish and bearish transitions, which coincides with the daily upward trend line. If it breaks below the 68400 line without recovering, it confirms a continued downturn.

On November 2, according to public documents from the U.S. Securities and Exchange Commission (SEC), 21Shares has submitted an S-1 application to launch the first XRP ETF '21Shares Core XRP Trust'.

Interest rate futures indicate an increased likelihood of the Federal Reserve cutting rates by 25 basis points in November, December, and 2025, with a 95.6% probability of a 25 basis point cut on November 8.

Bitcoin

Currently, the daily line is still near the upper part of the upward trend, which is also the support at the bottom of the strong bullish line on the 29th and the Fibonacci 0.618 support. So pay attention to the price of 68400, which must not break. If it breaks, there is a chance to go down to 65000.

Regardless of whether it's the daily or 4-hour level, the 60,000 bottom is confirmed. Around 65,000, there is another ideal condition. The opportunity for a rebound opens only between 68000—68800, with a stop loss for bottom fishing at 68000.

Support:

Resistance:

Ether

There's nothing much to see about Ether, stay close to the lower part of the convergence triangle, if it doesn't break, buy in batches. If it rebounds and doesn't break 2800, reduce the position and wait for the market to develop!

SOL

SOL touched the downward trend line and was pushed down again, currently testing support around 160. Here, we also need to see if Bitcoin can support a rebound around 68000. The best bottom fishing opportunity is at the lower edge of the triangle around 120. It's challenging to drop directly in a short time, so be patient or choose to trade the breakout.

Support:

Resistance:$BTC $ETH $SOL #美国大选后行情预测 #非农就业人数大幅降温 #11月市场预测