🔥Election results are in, gold is surging, and ZEC is leading! Is the rebound just getting started?
November 4, 22:48 | Evening Brief on Major Assets
Democrats captured both the House and Senate. The dollar and Treasury yields pulled back, gold led the way, Nasdaq futures recovered, and crypto followed with a rebound. But this isn’t a mindless rally across the board: regulatory and valuation pressures remain, and fiscal wrangling and profit-taking on good news are still risks to watch.
BTC: 79,479. Support at 78,300; resistance at 80,000. Holding above this round-number level could let the rebound continue.
ETH: 2,365. The four-hour trend has turned stronger. Support at 2,360; resistance at 2,400. A pullback that holds above support would favor the bulls.
SOL: 95.22. Still playing catch-up. Support at 94.20; resistance at 96.70. Don’t chase unless it breaks through.
XRP: 1.310. Short-term conditions are improving. Support at 1.298; resistance at 1.325. It needs to hold above resistance on strong volume to confirm further strength.
ZEC: 1,332, up 11.7% in 24 hours. With the upgrade window approaching, it’s the most volatile. Support at 1,300; resistance at 1,350. Beware of a pullback after a sharp run-up.
Gold futures: 4,044. The strongest theme right now. Support at 4,000; resistance at 4,062.
My take: BTC sets the direction, while ETH and ZEC offer more upside potential; SOL remains relatively weak. Keep a close eye on 78,300 and 4,000 tonight. If they hold, the rebound has room to run; if not, be prepared for a pullback. #BTC $BTC
November 4, 22:48 | Evening Brief on Major Assets
Democrats captured both the House and Senate. The dollar and Treasury yields pulled back, gold led the way, Nasdaq futures recovered, and crypto followed with a rebound. But this isn’t a mindless rally across the board: regulatory and valuation pressures remain, and fiscal wrangling and profit-taking on good news are still risks to watch.
BTC: 79,479. Support at 78,300; resistance at 80,000. Holding above this round-number level could let the rebound continue.
ETH: 2,365. The four-hour trend has turned stronger. Support at 2,360; resistance at 2,400. A pullback that holds above support would favor the bulls.
SOL: 95.22. Still playing catch-up. Support at 94.20; resistance at 96.70. Don’t chase unless it breaks through.
XRP: 1.310. Short-term conditions are improving. Support at 1.298; resistance at 1.325. It needs to hold above resistance on strong volume to confirm further strength.
ZEC: 1,332, up 11.7% in 24 hours. With the upgrade window approaching, it’s the most volatile. Support at 1,300; resistance at 1,350. Beware of a pullback after a sharp run-up.
Gold futures: 4,044. The strongest theme right now. Support at 4,000; resistance at 4,062.
My take: BTC sets the direction, while ETH and ZEC offer more upside potential; SOL remains relatively weak. Keep a close eye on 78,300 and 4,000 tonight. If they hold, the rebound has room to run; if not, be prepared for a pullback. #BTC $BTC
