#Bitcoin closed below $58k overnight, once again losing S/R flip support.

The close was not voluminous and there is general uncertainty in the market. Monkeypox virus concerns and Bitcoin transfers from US government wallets are bringing panic and selling pressure.

It would be beneficial to be careful as long as Bitcoin does not close above $59k again.

There is no change on the spot side.

Coinbase continues to buy, while Binance is generally moving with sellers. Coinbase's buying increases the possibility of the price closing above $59k again.

If you recall, Trump made very positive statements about crypto and displayed a pro-crypto stance.

There is only a short time left until the election and if Trump is elected, this situation will reflect very positively on the crypto sector. Unfortunately, the latest polls show that Harris is ahead.

One of the general concerns in the market is of course the fact that the election is approaching and the poll results are very close.

The US has the largest economy in the world. Therefore, the election result will directly affect the money supply, the dollar, the markets and the entire world.

Wall Street smart guys are closely following the election result and want to position their portfolios according to the result. Since the head-to-head progress of the poll results creates uncertainty, no one can make a clear positioning and the markets are generally moving uncertainly.

Therefore, we may see uncertain and unstable price movements until the election.

For now, as long as the $59k resistance is not regained, it will be beneficial to be careful and keep the risks to a minimum, my friends.

In addition, I will share data that clearly explains our long-term expectations in the coming days. Focusing on the long-term outlook will be the most logical choice in such periods.

I wish everyone a nice day and abundant earnings.