Price analysis 11/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin shows potential for a new all-time high, influenced by the U.S. Presidential elections and the Federal Reserve's interest rate decision. A trader noted that Bitcoin could move significantly depending on the election outcome. The S&P 500 Index has faced bearish momentum, struggling to maintain levels above crucial moving averages. Meanwhile, the U.S. Dollar Index shows mixed signals, with possible movements toward key support and resistance levels. Bitcoin buyers are attempting to defend support at $65,000 while Ether is under pressure near triangle pattern support. BNB is trading in a broad range, and Solana is aiming to reclaim previous breakout levels. XRP battles near the $0.50 support, while Dogecoin seeks support at $0.15. Toncoin is at a support zone but may soon complete a bearish pattern if the support gives way. Cardano has faced selling pressure, with a potential decline to $0.31 being closely monitored. Overall, the market sentiment is cautious amid upcoming significant events.
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