Bitcoin/USDT Analysis – Post-US Election Rally
2024-11-12

📈 Overview:
Bitcoin is experiencing a strong bullish rally, currently trading around $88,739. Following the recent US election, market sentiment has shifted significantly, with Trump’s projected win sparking optimism in the financial markets. Historically, political events like elections often influence crypto movements, and this time is no different.

📰 Election Impact on Crypto:

Trump’s win is perceived as favorable for risk-on assets like Bitcoin, as his policies could potentially promote economic stimulus and deregulation.
Institutional interest in crypto continues to grow amid global economic uncertainties, driving BTC’s price higher.

🔴 Resistance Levels:
Key resistance zones to watch:

R1: $92,055
R2: $95,449
R3: $101,443
These levels may serve as profit-taking points or areas where BTC could face temporary rejection before resuming its rally.

🟢 Fair Value Gaps (FVG):
Identified gaps that could act as support during pullbacks:

Upper FVG: $84,000 – $86,000
Lower FVG: $72,000 – $74,000
FVGs often serve as areas where institutional players step in, making them ideal zones to watch for possible retracements and reaccumulation.

Crypto Market Insights:

Bitcoin Dominance is rising as altcoins consolidate, signaling a shift in capital towards BTC.
Macro View: With increasing inflation concerns and geopolitical tensions, Bitcoin is emerging as a hedge against fiat currency devaluation.
Institutional Activity: Grayscale and other institutional investors are continuing their BTC accumulation, reinforcing long-term bullish sentiment.

Trade Plan:

Bullish Scenario: A break above R1 could see BTC targeting R2 and potentially R3.
Pullback Opportunity: If BTC retraces, the FVG zones ($84K and $72K) could provide excellent entry points.
Risk Management: Use Stop Losses below FVG zones or key supports to mitigate downside risk.

Crypto markets are highly volatile. Always trade with caution and use proper risk management.
