The U.S. election will officially arrive on November 5 local time. Under the backdrop of many market investors betting on Trump's election, related concept stocks and Bitcoin have shown a rising state. However, as potential returns gradually decrease and risks and returns continue to deteriorate, everyone is starting to gradually take profits. On the other hand, the performance of the U.S. stock market was generally poor last week, which may also be one of the reasons for the market decline. However, my senior sister believes that the market momentum after the election is expected to push the market higher.
$BTC
Affected by the election, volatility has started to increase. From the 4H level of Bitcoin, after experiencing a price increase, Bitcoin is currently in a correction phase. From the mid-band position of the Bollinger Bands, this is a key resistance level. If it can stabilize effectively at the mid-band, there will be an opportunity to challenge upwards again. Looking at the 1H level of Bitcoin, the breakout of the upper band of the Bollinger Bands and the golden cross of the MACD support price increase. However, since KDJ is in an overbought state, caution should be taken regarding the risk of a short-term correction.
$ETH
This year's biggest bubble undoubtedly belongs to Ethereum, giving the two bulls a chance to be even more stubborn.
Nearby is the 2410 rising trend line, where a break is allowed, and there is a chance for consolidation and accumulation below. 2150 serves as the daily level support and resistance exchange point, or the bull-bear dividing line, which is very important; if it breaks, it won't be just a simple consolidation! The importance of this can be referenced to 2810.
In the next two months, there may slowly begin to be speculation about upgrade benefits. Should we go for it?
$SOL
After breaking below 160 yesterday, it has currently recovered with a large amplitude and strong desire to buy the dip. The daily trading volume of Solana's DEX has consistently ranked first since October 11. SOL is currently near the second support level; if it continues to fall at night, pay attention to support levels around 157.6-154-150!
$BNB
I thought there would be a new launchpool addition.
The next focus is the U.S. election. After the U.S. election comes the Federal Reserve's monetary policy, one ring inside another. The election is important, but not decisive; while monetary policy is decisive, the trend has already occurred and is unlikely to show reversals. The remaining factor is whether black swans and economic recessions will appear. Of course, the election is still the most important at present.
