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#Caution 🔴 The 2024 U.S. Presidential #election is approaching fast, bringing potential for market-shaking events! As one of the year's major influences on crypto markets, this election could lead to notable volatility. Based on previous trends, we expect intensified price fluctuations and temporary shifts in liquidity. Here's how to stay #prepared Be Ready for Market #Volatility Election updates and policy shifts may drive sharp price swings. Keep a close eye on the market to protect against sudden moves. Set Stop-Loss & Take-Profit Secure your trades by setting stop-loss and take-profit orders to navigate periods of high volatility effectively. Trade With a Clear Mind Stay calm in uncertain times. Avoid overtrading to prevent emotional decisions that might impact your trades. #WinningMindset
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• Bitcoin respected the levels given yesterday. • The highlighted demand zone is holding as support. • There was a push up to $69.2k, the 2021 ATH, but it faced resistance at that level. • The Monday range is being watched to see which level breaks first, $67.6k or $69.2k.
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#Marketupdate Bitcoin now has 4 hour acceptance under $69.2k (2021 ATH) after the support finally broke.They key zone now is the 4 hour demand shown in green which runs down to the Monday Low ($68k - $67.6k) We want to see this hold and give some support before a reversal, but we can expect resistance at $69.2k considering it was such a key support level. I would not rule out some strange moves considering we are 2 days from the US election!
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#Marketupdate We continue to see the importance of $69.2k for Bitcoin- we had a number of wicks below this level but every 4 hour candle closed above to confirm it as 4 hour support. $70.3k (Monday High) is 4 hour resistance for now. I am watching for either one of these levels to break today to give us a better indication of the next move. For now I have my Bitcoin limit active waiting for a lower sweep.
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#Marketupdate After a 5% drop yesterday, Bitcoin has now started to accept under $70k. Notice that $69.2k (2021 ATH) remains a key level, with the recent 4 hour candles all reacting from that area. I managed to sync the move down with a nice long entry, but from here I am looking for a 4 hour close back above $69.5k (Prev Week High.) I do not want to start seeing any acceptance below $69.2k, otherwise I expect BTC retraces to the mid $67.5k area. New month, let's make it another great one!
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最新ニュース
ビットコインスポットETF、米国で大幅な流出が発生
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暗号通貨市場は強欲な状態を維持
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ビットコインマイニング企業、10月に過去最高の生産量を報告
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テクノロジー大手、データセンター向け原子力発電計画で規制上の課題に直面
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VanEck HODL は大幅な流出を経験、ETHV は安定を維持
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