#BinanceBlockchainWeek
BTC's Defense of the 71800 Barrier Tonight (Yen Interest Rate Meeting Day)
Tonight, the yen will have an interest rate meeting, and the results will be out during the day. If the yen raises interest rates, Bitcoin (BTC) may fall below 70000.
The results of the yen's interest rate meeting will be released this morning or afternoon. If rates increase, BTC will have to drop; if they pause the increase, BTC can rise and might even push towards previous highs.
Next Thursday at 8 PM, the UK will also announce its interest rate results.
At 3 AM on Friday, the Federal Reserve's interest rate results will be released. How these two results play out is not good for cryptocurrencies in November.
The US election day is on the 5th of next month. If Harris gets elected, cryptocurrencies are in jeopardy; if Trump wins, BTC might see a short-term rise, but it will have to drop back later.
Iran is about to announce its response plan to Israel. The issues between the US, Israel, and Iran are all manipulated by US capital behind the scenes. The world seems chaotic, but it is actually the elites playing their game.
North Korea has sent 11,000 soldiers to Ukraine, with 3,000 already at the front lines. The US said if North Korea directly intervenes, they will have to take action. If North Korea joins the fight, NATO will definitely get involved, and World War III may break out.
The fear and greed index is at 77, and everyone is too greedy. This kind of greed can easily lead people into traps.
Cryptocurrency stocks dropped after hours, not sure why, but it’s definitely not good for cryptocurrencies.
Looking at the liquidation map, both long and short sides are about to clash, just waiting for a trigger, like some data or news, and the BTC price will change dramatically. From Wednesday to Friday this week, and into next week, the BTC price may fluctuate around 8000 points, so it's advisable to hedge a bit. The US elections are almost over, and the interest rate results are about to come out. Originally, the Binance Dubai conference was a good thing, but every time after a crypto conference, BTC tends to drop; good news gets priced in early, leaving nothing exciting afterward, leading to declines.
Short-term operation suggestion: short at today’s highs, buy back at lows to hedge risks.
Recently, I plan to set up a position in a potential coin that is ready to explode; doubling is quite simple, and I am also looking for some potential coins to hold until the end of the year, expecting a space of over 10 times is not an issue. If you want to keep up, pay attention, free sharing.
