Today is Monday, a new week begins, and it's also the end of October! The Americans are about to have an election! Let's summarize and analyze briefly.

First of all, rumors are spreading that the Federal Reserve may 'pull off a rate cut' at the FOMC meeting in November, and the cryptocurrency market is getting excited. According to sources, it is said that the Federal Reserve may hold an FOMC meeting two days after the presidential election on November 7 to directly implement a rate cut, which would be a bold move. The PPI data for September was lower than expected, and the inflation crisis has temporarily eased, leading to a 97.7% probability of a 0.25% rate cut being 'imagined' by the market. Indeed, money flows where the wind blows.

Expectations of a rate cut have already triggered a price surge in the cryptocurrency market, and it seems that this game of long and short positions has just begun.

Speaking of the U.S. election, one cannot help but mention that the 2024 U.S. presidential election is the 'annual spectacle' for the global audience. Currently, the probability of Trump being elected exceeds that of Harris. However, until it is finalized, uncertainty still exists! That said, the outcome of the election is indeed a lever to pry the market. Future fiscal, trade, and even monetary policies may follow the new president's Versailles-style operations. Economic trends? That depends on whether this new star can hold the stage and come up with new tricks.

As planned, the voting day for the 2024 U.S. presidential election is set for November 5, which translates to noon on the 6th Beijing time, and we can roughly expect the results to be out. Whether it's Harris or Trump being elected, for Bitcoin, it’s all a short-term trend, and the impact will also be short-term!