$BTC right now‼️
Will there be a pre-election rally?
Opening a long position at the $80,300 resistance/support level has yielded a profit of at least 15%. I analyzed this range in a previous post, and the bulls proved stronger than the bears.
Geopolitical rhetoric has shifted from bellicose to restrained in light of the upcoming election. Furthermore, investors have interpreted the tightening of monetary policy as a sign that inflationary pressures are being effectively controlled; consequently, I remain bullish in the short term.
Thus, the $81,750 resistance level could act either as a springboard or as an obstacle to reaching new local highs.
I plan to open long positions if this level is broken, or—conversely—if the price bounces off these levels.
Wishing everyone profitable trades💰💪
Will there be a pre-election rally?
Opening a long position at the $80,300 resistance/support level has yielded a profit of at least 15%. I analyzed this range in a previous post, and the bulls proved stronger than the bears.
Geopolitical rhetoric has shifted from bellicose to restrained in light of the upcoming election. Furthermore, investors have interpreted the tightening of monetary policy as a sign that inflationary pressures are being effectively controlled; consequently, I remain bullish in the short term.
Thus, the $81,750 resistance level could act either as a springboard or as an obstacle to reaching new local highs.
I plan to open long positions if this level is broken, or—conversely—if the price bounces off these levels.
Wishing everyone profitable trades💰💪
