Even though the cryptocurrency market is having a seller day ahead of the US election results, BTC continues to hold above $ 13,000. However, although some prominent factors point to the risk of BTC's profit realization, PayPal's statement that it expects 2 or 3 times better impact than the crypto money deal, we can say that it is the lifeline news for the market. The hash rate, which we can define as the network density, decreased by 10%, reaching the lowest level in 4 months. The Bitcoin - SP500 correlation has weakened considerably and dropped to almost zero. Volume increase in BTC futures is also differentiated with spot volume, which may be due to selling contracts.

When we consider BTC / USD technically, the level of $ 13,900 where prices are stuck in the 24 June 2019 peak. At this point, the oscillators we use in horizontal price movements started to signal a downturn in the overbought zone. Therefore, the $ 12,700 regions and the $ 11,500 regions where the red uptrend passes stand out as major supports in possible profit realization

Ethereum is trading around $ 375 this morning, with losses over 2%. With Bitcoin's market dominance reaching 66%, capital flight from Ethereum and DeFi may have occurred. The volume of ETH in the futures market has dropped to a 5-month low. In ETH, where technical movements are more prominent, the correlation between them and BTC is beginning to weaken. It may be useful to shorten the maturity of transactions against the risks and volatility arising from the US elections.

When we consider ETH / USD technically, it continues the downtrend function that has existed since September 1. Again under this trend, the secondary trend that has occurred since the end of September is broken down by the bullish channel selling pressure. Although this is not a positive outlook, closing above $ 360 per day can be effective in recovery and holding. The view is weak and horizontal