Analysis of Prices on 11/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

This week could be a big one for Bitcoin (BTC) as the United States Presidential elections and the Federal Reserve’s interest rate decision are expected to bring some volatility to the market.

An expert trader predicts that Bitcoin will see a significant move of at least 10% in either direction depending on the election outcome. Investors seem to be feeling positive going into the elections, with a recent report showing that $2.2 billion flowed into digital investment products last week, with Bitcoin receiving the largest share of the inflows.

However, not everyone is feeling bullish in the short term. A trading firm has warned its subscribers of a potential sell-off post-election. Uncertainty looms, with many wondering if Bitcoin could start a relief rally or if altcoins will follow suit.

Looking at the charts, the S&P 500 Index (SPX) is showing signs of weakening bullish momentum, while the US Dollar Index (DXY) is struggling to maintain higher levels. As for Bitcoin, buyers are trying to defend key support levels as they face resistance around $70,000.

Ether (ETH) is also under pressure as it tests support levels, while BNB shows a pattern of buying on dips and selling on rallies. Solana (SOL) recently slipped below a key breakout level, and XRP is facing a tough battle near the $0.50 support.

Dogecoin (DOGE) is attempting to find support at the 20-day EMA, while Toncoin (TON) is struggling to push above moving averages. These dynamics within the market are crucial to consider for traders looking to navigate the current landscape.

As always, the crypto market remains unpredictable, so staying informed and monitoring these key levels will be important in making decisions during this volatile time.