Thursday (November 7): Federal Reserve Interest Rate Decision. Despite recent weak economic data, it is unlikely to change the Fed's pace of starting regular rate cuts. Powell is expected to continue his previous hawkish stance, stating that the non-farm data is a temporary weakness, while being cautious about inflation data that exceeds expectations. The market anticipates two more 25bps rate cuts from the Fed within the year. Additionally, regarding unemployment claims, both initial and continuing claims have begun to decline and are below expectations this week. With the effects of the hurricane passing and Boeing workers returning to their jobs, next week's data is expected to become more optimistic, suggesting a temporary weakness in October non-farm data.
Friday (November 8): Release of the University of Michigan Consumer Confidence Index, inflation expectations, and other data. The consumer confidence index has slightly rebounded, while inflation expectations remain stable. With the announcement of the presidential election results, it is expected that businesses and consumers will begin another wave of spending.
Brothers, there has been significant volatility this week, so be mentally prepared. I am still using the needle-catching strategy for the SOL strategy, setting buy points at 161, 156 (setting a stop-loss, continuing to buy at the next point), 145, 138, etc., with light positions and slow additions, waiting for the election. Personally, I predict that on election day, BTC may break to a new high around 73,000. If the Republican Party controls Congress, BTC prices are expected to reach around 100,000 by the end of the year. #美国大选后涨或跌?