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Regardless of whether Trump or Harris wins the election, the market will definitely be lively for a while. And no matter who wins, it is a good thing for the crypto market. Especially if Trump wins, the market reaction may be faster and more violent.
Review of yesterday's market:
Yesterday, BTC continued to fall, breaking below 67,000 in the short term before quickly rebounding. The expected decline is related to the upcoming US election, and capital has temporarily withdrawn slightly and is in a wait-and-see state. Currently, the 4-hour level has basically completed the adjustment, and the bottom divergence phenomenon is already very clear, and a rebound is expected to occur during the day.
Currently, Trump's support rate is relatively high, and you can follow up and build a position during the day based on this. From the daily line level, the market is maintaining a healthy state, and the golden cross has already formed at the weekly line level, so you can continue to hold it, be confident, and still look bullish in the future.
Ethereum (ETH) also fell in sync with BTC yesterday, dropping to around 2,350 in the short term. Currently, the 4-hour level also shows a divergence pattern, and a rebound is expected during the day, so you can follow up and build a position, and continue to look bullish in the future, with the target range remaining at 2,800 - 3,000.
Altcoins have fallen in sync with the mainstream currencies. SATS can be patiently held, and the price can be considered for clearance when it is around 50. PEDPLE can be held in the medium term and continue to wait, and D0G5 and FTM can be held.
Daily market analysis:
BTC is below the healthy level at the 1-hour and 4-hour levels, but has returned to a healthy state at the daily line level, and a rebound is expected during the day, so it is recommended to follow up and build a position. From a long-term perspective, the expectation has not weakened, and the support level during the day is at 67,000 - 67,500, and the resistance level is at 69,500 - 70,000.
ETH is below the healthy level at the 1-hour, 4-hour and daily line levels, but a rebound is expected during the day, so it is recommended to follow up and build a position, and those who already have positions can continue to hold them. The resistance level during the day is at 2,500 - 2,530, and the support level is at 2,350 - 2,400.
BTC is currently in a downward oscillation state, and the upcoming US election and Fed rate cut both mean that the market is facing another major turning point. In this situation, it is most suitable to layout potential Altcoins!
Here are some obscure coins that I think could surge 10 to 50 times:
SXP: This is the darling of the Solar blockchain, with multiple functions, not only for participation in management, but also quite practical.
Doge: This is also an old friend, with top-notch heat and enthusiasm, and very active.
SOL: Teamed up with Sweet and MLS to do MLS QUEST, with lightning-fast trading speed and powerful minting capabilities.
MKR: This guy has been on a roll lately, clearly bullish, and the technical indicators are all pointing up.
TURBO: This is a celebrity coin written by AI contracts, and although it has experienced some hype and market cap fluctuations in the past, it is still worth looking forward to in the future.
BTC is currently in a downward oscillation state, and the upcoming US election and Fed rate cut both mean that the market is facing another major turning point. In this situation, it is most suitable to layout potential Altcoins! I have carefully selected a coin for you that is expected to double to triple in the short term and 5-10 times in the long term.
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