#Marketupdate

Bitcoin has continued to respect the demand zone at all 4 hour closes yesterday. Once again the dip yesterday evening gave us a perfect long opportunity on altcoins, with BTC showing signs of strength this morning. We can see that the 4 hour downtrend, running from last weeks high, has been broken.

So far this trendline is now holding as support. $69.2k-$69.5k is still a big resistance level to overcome. Careful in any trades today, the US election is likely to cause volatility over the next 24 hours.