There are two main reasons for today's decline: First, risk aversion ahead of the election. A Democratic victory would be negative for Trump-related policies. Second, the market is concerned about spending and expectations in the AI sector.
Key things to watch next: the nonfarm payrolls data on Wednesday and Friday, the election results, and US-Iran relations after the election.
$BTC has short-term support at 76600/74800 and resistance at 78600/79500; $ETH has support at 2240/2170 and resistance at 2300/2370.
The levels are clearly defined. Volatility is high ahead of the election, so it's recommended to manage your position size and avoid chasing rallies or selling into declines.
#BTC #Crypto
Key things to watch next: the nonfarm payrolls data on Wednesday and Friday, the election results, and US-Iran relations after the election.
$BTC has short-term support at 76600/74800 and resistance at 78600/79500; $ETH has support at 2240/2170 and resistance at 2300/2370.
The levels are clearly defined. Volatility is high ahead of the election, so it's recommended to manage your position size and avoid chasing rallies or selling into declines.
#BTC #Crypto
