🚁 Bitcoin Market Update 02.11: "Helicopter Mode" in Full Effect Ahead of US Elections! 🚀
The Bitcoin chart is looking like a helicopter 🎢, with the price being tossed in both directions, as anticipated with the upcoming US elections. We’re in for a bumpy ride, so buckle up!
Key Levels to Watch:
Support Level: 🛠️ $68.7K — This is the critical point where buyers have shown strength, leading to recent rebounds.
Resistance Level: 🚧 $71.5K — The upper boundary keeping the price in check.
For now, BTC is likely to range within this $68.7K to $71.5K corridor, maintaining a consolidation pattern as the market holds its breath for election outcomes.
CME Insights
CME closed last Friday near the $70K mark, suggesting we’ll hover around this area over the weekend. However, brace yourselves — increased volatility is on the horizon next week! 📈
🚨 Caution is Key: The market could turn in either direction as we approach the election. Keep your strategies flexible, stay alert, and trade wisely!
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