We are seeing a rising wedge pattern on the 4 hr and daily charts ,which the distance at the beginning of the rising wedge pattern indicates a drop to around $62,800.00 . I would put in a long position at $62,800.00 with a tight stop loss. And with the uncertainty of the up coming election pushing the stock market down crypto is following suit
After further chart analysis I see a pattern on a 4 month cycle since November 2023 and we are at the almost the end of the descending triangle pattern which is bearish but I firmly believe it will surge and break upward either just before or just after the election .
