This week is an important data week: November 5 / November 8

The upcoming key points are focused on the U.S. election and the subsequent trends in the Federal Reserve's monetary policy, both of which are closely linked and mutually influential. The U.S. election, as a precursor event, is undoubtedly important, but it is not the final decisive factor. In contrast, while the Federal Reserve's monetary policy has a decisive impact, given that the current trend has already shown signs, it is expected that the likelihood of directional adjustments is low and there will not be major fluctuations.

Specifically:

1. U.S. Election: As the primary focus, the outcome of the election will have far-reaching implications for both domestic and foreign policies in the U.S. The 2024 U.S. election is scheduled for November 5, but the announcement of the election results may not be immediate, with a possibility of delays of several days, making it difficult to predict the exact timing. There must be results by November 10! Currently, predictions and discussions regarding the election results are nearing a boiling point, but all suspense will be revealed in the coming days.

2. Federal Reserve Monetary Policy: Following the election, adjustments to the Federal Reserve's monetary policy will become another major focus for the market. Although the election results have an indirect impact on monetary policy, the formulation of monetary policy is more based on economic data and market conditions. Given that the current trend has taken shape, it is expected that there will not be a major reversal in the Federal Reserve's policy direction, but it is still necessary to closely monitor its dynamic adjustments to respond to potential economic challenges.

3. Potential Risks: While focusing on the election and monetary policy, we must not overlook potential black swan events and risks of economic recession. These unforeseen factors could have significant impacts on the market, so we must remain highly vigilant.

BTC

As mentioned in yesterday's daily report, the price cannot break through 68800 during the day, continue down! Unfortunately! The extreme point of 67500 was given in the daily report on November 1 at the upper edge of the daily demand zone, and the price reached a low of 67478! Currently, the price has rebounded, pay attention to whether 69500-69900 is rejected! If rejected, there is still a probability to reach 67000-66500 below! If it breaks above, a rebound will occur, aiming for 71600-73000 above! Pay attention to the establishment of trading conditions during the day!

ETH

The entry around 2430 yesterday remains valid, profit set to break even! Currently, pay attention to whether 2510-2520 is rejected? If rejected, still wait for the buying opportunity in the 2420-2330 demand zone. If it breaks above, first look at the bullish-bearish dividing line at 2560!

SOL

As mentioned in yesterday's daily report, 165-166 cannot hold, continue down! The 159 low point was hunted as expected! Keep up and take the profits! Currently, if the price cannot break through 165-166, there is still a chance for 153-147! If it stands above 166, look first at the bullish-bearish dividing line at 170!

The information and data involved in this content are sourced from publicly available materials, striving for accuracy and reliability, but do not guarantee the accuracy or completeness of the information. The content does not constitute any investment advice, and the responsibility for any investment based on it rests with the investor!