The answer is fairly straightforward: 8 of Cups (Abandoned Success) and 10 of Swords (Ruin). Both are minor arcana cards so the reasons are down to earth, humanly controllable, and not some huge 'act of God'. They are also in the domains of emotions and thought.
I think that Biden (and/or his advisors) felt and thought that he couldn't win the election, or simply that he is too vulnerable a candidate to the vicissitudes of old age. He has therefore done the right thing and stepped aside.
There is no suggestion of illness here, it's all about the likelihood of loss if he continued to try to fight the election.
And this isn't in the cards but standing down is the more upright thing to do compared to continuing through the election and then standing down so that Kamala Harris would be president, as I have seen suggested, even if he would be more likely than her to win. As I say I think he's done the right thing and it's obviously been a difficult decision.
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