Crypto Overall Market Analysis!!!

Today in just 24h Crypto market lost 2.41% shares, this time crypto market capture is 2.32T, and bitcoin market capture is 58.78%, this time bitcoin RSI(7) is 49 which means this time byuing and selling pressure are equal so we have just one thing which drop btc price is overall crypto market 2.41% drop value in last 24h, but today is a closing day of US stock market, technically at the moment stock market is also stable so if Bitcoin price is stable after closing 1 day candle then we have consecutive 3 bearish candles, after 4 bullish candles now we have 3 bearish candles, it means there is come corrections in Bitcoin price and after correction it must be retest again for 72-73k, if today bitcoin candle is close above 70k then we have strong bullish week ahead, otherwise we face strong bearish movement which should be 60k-62k, but after complete analysis we found some major thing.

If bitcoin price is close above 70k and RSI(7) is below or near 30-70, then we have strong bullish momentum and bitcoin price may cross ever high very easily but if selling pressure is high and RSI(7) is above 70 then we have face strong bearish movement. Today is very important day for crypto and btc because btc many times break support level and resistance level easily, today alt coins just move up and down and come in their previous day price so alt coins remain constant they are moving with btc up and down but very slowly and today they never cross their supprt and resistance level which is parallel market sentiment.

Whales control overall market, so if btc break their resistance level which is 73900 then open long trade or if btc break support level which is 67050 then open short trade, otherwise stay away for long term and short term trade. Amazingly still election day's never effect on overall crypto market. So becareful.

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