Dollar Declines, Oil Falls Ahead of US Midterm Elections; Bitcoin Stabilizes After Crypto Theft

BTC is at 77,465, down 0.88% in 24 hours, trading sideways-negative. RSI at 35.8 is weak but near oversold territory; MACD is negative and below the signal line, indicating weak short-term momentum. The price is slightly below SMA20 and SMA50, pointing to resistance pressure. News flow is mixed: dollar weakness could support risk appetite, while a crypto theft report limits confidence. Therefore, for 1-3 days, a balanced/tight outlook stands out rather than a clear direction.

The news headline points not directly to GOOGL but to macro risk appetite (dollar, oil, crypto); therefore its impact on the stock is indirect and limited. In the technical picture, however, there is significant weakness: the price has fallen 12.8% in 24 hours, is below the SMA20 and SMA50, and the MACD is in negative territory. Yet the RSI at 33.9 is close to the oversold threshold, which raises the likelihood of short-term rebound buying. Direction is therefore uncertain, with a balance expected between a mild recovery and the downtrend. Neutral bias for 1-3 days, with high volatility.

DXY is at 101.73, slightly negative over 24 hours; RSI at 46.7 places it in neutral-to-weak territory. It is trading below the MACD signal line and below SMA20/SMA50, supporting short-term downward pressure. The headline phrase 'dollar declined ahead of midterm elections' is consistent with the current weak technical picture. However, given the limited scale of the decline and election uncertainty, confidence should be kept moderate. For 1-3 days, a mild downward bias is expected, with support around 101.5 to be monitored.

Brent crude fell sharply by 7.7% in 24 hours to 104.91, with its RSI at 19.9 placing it in oversold territory; this raises the likelihood of short-term bargain buying. However, the price is clearly below the SMA20 and SMA50 and is trading negatively below the MACD signal line, indicating a downward trend. The news headline emphasizing the drop in oil confirms the existing weakness, while the dollar's decline is a limited supporting factor for the commodity. Due to the oversold condition, a volatile recovery may be seen within 1-3 days, but the main direction remains downward. I therefore assess the short-term bias as bearish.