@TMC Think today is #downward | TMC on Binance Square

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@TMC   Think today is #downward 

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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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