The market continues to move sideways and without volume.

Funding rates are at normal levels, spot volumes are low and there is no major activity on the futures side. Not only the crypto sector, but also the US stock markets have been moving sideways for 2 weeks.

The markets seem to be waiting for something. There is uncertainty and investors are waiting for this uncertainty to end. My personal opinion is that this expectation is the US elections.

The US has the largest economy in the world and who is in power directly affects the dollar, the world's most widely used currency, and the financial markets.

If Trump is elected president, it will undoubtedly be great for the markets, but the polls show that Harris is ahead and they are neck and neck. The fact that the poll results are very close naturally leaves investors undecided.

There are 2 months left until the election and the uncertain and boring process for the markets may continue until the election result is clear.

On the other hand, when we look at how the US elections affect the#Bitcoinprice regardless of which candidate or party is in power, we come up with a great result.

As you can see in the chart, Bitcoin has experienced great increases after the US elections and, so to speak, the bull has started after every election.

The chart shows us that elections can have a positive effect on the price, no matter which candidate wins.

Therefore, it would be the most logical option to wait without intervening in long-term investments during this process.

In the short term, we can say that the current outlook will remain positive as long as the price does not close below $58k in volume.

The closing on Sunday was below $58k, but since it did not have enough volume, the price closed above it again the next day. Since the market is volatile and uncertain, we should not see millimetric closings like this, but at least 2-3% different and volatile closings.

If there is any change in the data, I will update it instantly, friends.

I wish everyone a nice day and lots of profit.