BTC continued to fall yesterday, breaking below 67,000 for a short time and then recovering quickly. This round of decline is expected to be related to the upcoming end of the election. Capital is temporarily slightly on the sidelines. The 4-hour level is basically sorted out. The bottom divergence is very clear. A rebound is expected during the day. At present, Trump's approval rating is higher. You can follow up and build a hidden position during the day. The daily level remains healthy. The weekly level golden cross has formed. Keep holding, strengthen confidence, and continue to be bullish in the future.
Yesterday, the two-bitcoin fell synchronously with BTC, and fell to around 2350. At present, the 4-hour chart also shows a divergence pattern. A rebound is expected within the day, so you can follow up and build a collection. The follow-up will continue to be bullish, and the target range will remain at 2800-3000. The altcoin fell synchronously with the mainstream. SATS should continue to be held patiently, and liquidation can be considered around 50. PEDPLE mid-term holdings can continue to wait, DOGS should be held, and FTM should be held
Intraday market analysis
BTC 1-hour and 4-hour levels are below healthy levels, and the daily level returns to healthy levels. A rebound is expected during the day. It is recommended to follow up with a sense of follow-up. The expectation of the big cycle has not weakened. The support below is 67000-67500, and the resistance above is 69500-70000.
ETH 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. It is expected to rebound during the day. It is recommended to follow up with hidden positions. The upper resistance during the day is 2500-2530, and the lower support during the day is 2350-2400.
From the prediction market, Trump's approval rating is slightly higher than Harris's, but the prediction has been suspended, so all we can do is wait for the data to be released. Due to the time difference between China and the United States, we will know the final answer on the 6th, China time. The market may fluctuate greatly by then, so it is recommended to adopt a prudent strategy, do not operate for the time being, and wait and see until the results are announced. We have reason to believe that BTC will set a new high, and even if Trump fails to win, it will not affect the long-term trend of Bitcoin.
There are many opinions on who will be elected president, but as spectators, we only need to observe and wait patiently. If Trump wins, it is not because he particularly supports cryptocurrencies, but because he focuses on industrial development and may take rapid interest rate cuts to devalue the dollar, thereby stimulating exports and reducing trade deficits. This will lead to lower U.S. bond yields, thereby weakening the safe-haven demand for gold, while rapid interest rate cuts may be beneficial to BTC. In contrast, Harris may slow down interest rate cuts to maintain the strength of the dollar and attract more capital to stay in the United States, which may be beneficial to U.S. stocks.
Therefore, no matter who comes to power, the impact on the market is not absolutely positive or negative, but is interpreted from a short-term and long-term perspective. Overall, for those who hold coins, it is recommended not to rush to operate, but to wait patiently for the market to reverse; those who are short can wait and see for a while, waiting for the market to become clearer.
Popular altcoins to watch
DOGE
Currently, the price of Dogecoin (DOGE) has reached $0.16609, with an intraday increase of 3.60% and a trading volume of $2.265 billion.
The candlestick chart shows that it is currently in a volatile trend, with a slight increase compared to 21:00 yesterday, but a slight decrease compared to 20:00 and a slight decline compared to 19:00. The simultaneous increase in price and trading volume indicates strong buying in the market, indicating that buyers are willing to trade in large quantities at higher prices, and market sentiment is optimistic and bullish.
With this strong momentum, the price of Dogecoin is expected to rise further. Investors are advised to pay attention to the breakthrough of key resistance levels. If the price can continue to break through and stabilize at a higher level, it may confirm the continuation of the upward trend and bring further upside space.
In the past 24 hours, the entire network has liquidated $211 million
Amid the volatile decline of Bitcoin, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations exceeded US$210 million (long positions accounted for US$157 million), and more than 83,000 people were liquidated.
