Trump and Harris debate ends live on ABC News!
In this debate, neither side mentioned crypto finance! They were more concerned about health insurance, how to regulate U.S. economic inflation, social welfare and illegal immigration, and other issues.
As a candidate representing women, Harris has an inherent advantage on women's issues, which has affected the latest voting ratio. As of September 11, the current voting on Polymarket shows that Harris and Trump are tied at 49%, which once again results in stimulating competition!
Harris' team said it would apply for a second debate! Harris did have an innate advantage in this debate, including her outstanding performance. Trump responded calmly, and his answers to questions raised by Harris and the ABC host were obviously more pertinent, but with a little humor!
Although neither of them mentioned cryptocurrency during the debate, we can use it as a reference trend. The price of Bitcoin fell in a short period of time during their debate, falling below $57,000. In comparison, when Trump and Biden debated in June, Bitcoin rose sharply in the short term. In the short term, the cryptocurrency market may face shocks, but nothing is certain yet.
Tonight at 8:30 the Federal Reserve will release 5-star important data!!!
The market collapsed this morning. We have to wait for the release of the 5-star CPI data at 8:30 p.m. to judge whether it is good or bad. Whether it can go up today depends on it.
If CPI is higher than expected
Inflation concerns intensify: Higher CPI data may trigger market concerns about rising inflation. Increase the probability of a 25bp rate cut, achieve a preventive rate cut, and achieve a soft landing for the economy
If CPI is lower than expected
Inflationary pressures ease: Lower CPI data may indicate that inflationary pressures ease. Increase the probability of a 50bp rate cut and start trading a recession and hard landing.
It is expected to drop to 2.6% tonight. Meeting expectations and being below 2.6% are both positive, which can further stimulate the Federal Reserve to cut interest rates by 50 basis points.
Afternoon market analysis
Big Pie Analysis:
BTC$58,000 is a resistance zone, which happens to be a strong resistance zone of the Vegas channel. In terms of operation, I shorted around $57,500-58,000.
Pay attention to the bottom support of the 4-hour sideways range of $56,000 to 56,350 for BTC. As long as it does not fall below this position, the 4-hour level will continue to fluctuate widely.
There will be a CPI meeting at 8:30 tonight. Please avoid the news. Don't make a big single lever and don't make a heavy position!
September is already one third over, and the next focus is:
1. MKR upgraded to SKY: 1:24,000 split started on September 18th. Pay attention to the leader of the RWA sector, which may bring opportunities
2. LUNA: Hearing on the 19th, 120 million tokens will be destroyed! In addition, the Mid-Autumn Festival may usher in the festival effect of LUNA, which is worth paying attention to
3. SOL and related currencies: The SOL conference on September 20 will bring good news. You can buy WIFBONK and other related currencies at low prices.
4. BNB and Binance Series: Zhao Changpeng's return on September 29 is good for BNB, and CAKE and EDU are deployed in advance
5. DOGE and related Dogecoin series: It is expected that Trump will be elected on November 5, and Musk intends to join his cabinet, which is good for DOGE, similar to Musk’s entry into X in October 2022, and DOGE will quickly pull up. You can consider investing in: FLOKI, WIF and other Dogecoins
