The general election is coming in early November, and the speculation expectations of BTC are gradually weakening. The curse of the Dubai Conference at the end of the month also puts pressure on BTC. The expected trend is to touch around 70,000 upward, and then slowly follow the 62,500 callback route with increasing risks.

1. The US election is approaching on November 5, and BTC is at risk of selling pressure

2. The curse of the end-of-month blockchain conference also poses a risk of dumping

3. As Israel's counterattack approaches, BTC will face a major test

4. The risk of friction in the Middle East is increasing

5. Trump will support direct attacks on Iran if he comes to power (King of Understanding Quotes)

6. Expectations for the Fed’s interest rate meeting in November weaken as BTC faces pressure test

7. Fear and Greed Index remains high at 73

8. The long-short ratio of the entire network is evenly matched, and the exchange balance has increased slightly

9. The liquidation map shows that there are a lot of chips piled up around 62,500.

The entire network liquidated nearly 30 billion, with a slight increase on the 7th

61,500 long positions liquidated about 3 billion, 70,000 short positions liquidated about 700 million

The data shows that the risk of going long is greater than that of going short, but the long-short ratio is half and half, and the capital control is obvious. The high level is maintained to attract chips until a piece of news ignites or detonates the whole market.

Control risks to deal with plug-ins

Assess whether the position is over-leveraged

Practice the expected trend chart to have a clear prediction of the trend

Manage risks without putting yourself at risk

Make sure you don’t risk losing by doing option hedging

The above personal opinions do not mean that you should open a position in the same way. Data will be shared on time every morning.

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