Bitcoin remains strong and on 1h, 4h, and daily, the 12 / 21 EMA bands are all bullish and $Btc price is above all of them.
Really good sign for bulls on Bitcoin.
Stocks will continue to consolidate but price and 12 / 21 EMA daily bands also remain bullish and above.
I see no issues as we get closer to election day.
No news catalysts on deck today so hopefully this time stock market indices can stabilize after yesterday's sudden big drop.
$NVDA news came out that banned them from selling some AI chips to "certain countries" so likely the profit margins of Nvidia are going to be drastically lower, if we go by the market reaction to the news.
It took down $QQQ NQ1 down with them and the rest of the stock market indices.
Overall, stocks have been on a huge rally and it needed to cool off anyway.
Bitcoin continues to push higher as it tries to reach $68,000 and $70,000 in an attempt to finally break out of its 7 month long consolidation range.