Bitcoin is moving in a horizontal direction and trading at 11,225$ levels. Due to the increasing number of COVID-19 cases, Europe is tightening precautions and the uncertainty for the USA’s stimulus package affected the markets negatively and caused a selling pressure. But the bear’s pressure was limited in crypto markets and Bitcoin held on 11,200 $ support. Yesterday on the election debate for the presidency, Trump stated that they can increase the stimulus package above 1,8 trillion dollars. If it happens, the effects of this news can be positive to crypto markets. Meantime, JP Morgan’s report highlighted the institutional firms that bought BTC and considered it as a positive development for BTC prices to remain at certain levels. 

Technically, BTCUSD is still continuing the rising channel and it’s moving in the upper boundaries while holding onto secondary support level 11,200$. But if these levels would be broken down, there’s no major support until 10,950-10,800 $ levels.
 

Ethereum is %2,3 negative with down-sells. ETH was trying to hold on 375$ levels with yesterday’s market conditions and it’s correlated with the sharp falls on major indices and emerging macro news. Additionally, the average transaction volume fell to a 3-month low while the locked value on DeFi tokens is still above 11 billion dollars. 

ETHUSD is still moving within the rising channel. For the intraday transactions the minor descending channel, which started at 390$, could be followed. The channel located between 365-376 $ zone. Technically it looks weak a little bit but the main uptrend provides reactions on support levels.