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November 2 / Extreme Anxiety Period Before the US Election - Daily Bloodbath of Altcoins
#灰度XRP信托基金开放 #btc #XRP #doge
🔹Cognitive Society's comment
On November 2, Bitcoin retraced to a low of 69000, aligning with the support level of 68800 mentioned in yesterday's Cognitive Society article.
On November 1, the highest point of Bitcoin rebound was 71700, which aligns with the resistance level of 7200 mentioned in yesterday's Cognitive Society article.
Bitcoin's consolidation is still expected; altcoins are in bloodbath.
Every time before a new US president is elected, risk assets tend to drop because everyone is waiting for the new president to be confirmed before choosing investment methods and targets.
Because different US presidents have different policies and directions, everyone does not want to take too many risks. After all, there are few entrepreneurs who like to take risks like Musk; most people are neutral and wait for results like Buffett.
🔹Cognitive Society's comment
On November 2, Bitcoin retraced to a low of 69000, aligning with the support level of 68800 mentioned in yesterday's Cognitive Society article.
On November 1, the highest point of Bitcoin rebound was 71700, which aligns with the resistance level of 7200 mentioned in yesterday's Cognitive Society article.
Bitcoin's consolidation is still expected; altcoins are in bloodbath.
Every time before a new US president is elected, risk assets tend to drop because everyone is waiting for the new president to be confirmed before choosing investment methods and targets.
Because different US presidents have different policies and directions, everyone does not want to take too many risks. After all, there are few entrepreneurs who like to take risks like Musk; most people are neutral and wait for results like Buffett.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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