The daily line is a small negative line with a long upper shadow and a short lower shadow. The trading volume is one-third more than the previous day, which is a downward retracement trend with volume.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis. If the market continues to close with a negative line today, the MACD fast and slow lines will show a dead cross trend, and there is a risk of further price decline.
The U.S. stock market is closed on weekends, and prices are likely to maintain a narrow range of fluctuations. It is necessary to pay attention to short-term up and down spikes and targeted blasting contracts.
The results of the US election will be announced on November 5th. Funds are still flowing into BTC-ETF. Everything is moving in a positive direction. Short-term price fluctuations will not affect the upward trend at the monthly level.
Daily level pressure level 71700-72700-74000-75000, support level 67730-66360-65420
Stay tuned for 2 big events next week!
1. US election results on November 5
I still remember the last time Trump was elected president, the futures market went from the upper limit to the lower limit, and many people lost money in one day.
2. From November 6th to November 7th, the U.S. interest rate meeting.
If the interest rate is cut, the stock market may usher in another wave of growth. If the interest rate is not cut, the stock market will continue to follow the original trend.
According to the US non-farm data, the interest rate is expected to be reduced by 25 basis points. But if these two things are combined, the situation becomes complicated. There may be a big fluctuation in the financial market.
Meme coins are not as good as DOGE. $DOGE is back in the spotlight as elections approach
Leader in Meme Segment
For example, Ai Meme's leader Goat, Musk's continuous milk Doge, Trump's biggest beneficiary of the deal Maga, the cult concept leader Spx, Harry Potter Sotheby's + art concept leader Ban, Trump's campaign section people, Sol section bonk, bome, slerf, doge series, shib, aidoge, floki, big cake ecology, ordi, sats
Before the US presidential election, you can pay attention to the following currency layout:
PEOPLE: Constitutional narrative token, currently priced at $0.073, with a market value of $370 million. With the election approaching, topics surrounding the constitution and democracy may attract attention, so it is suitable for a moderate layout.
MAGA: Trump-related token, with a market value of $90 million. With the increase of Trump's activities, it may usher in popularity and is suitable for short-term trading.
Trump: A meme coin centered around Trump’s image, with a market value of $170 million. If Trump speaks out frequently on social media, it may stimulate the market.
Other currencies: Harris-related low-market-cap Meme coins have received less attention, but emerging Meme tokens are worth paying attention to.
Pay attention to social media: Musk and Trump's dynamics may quickly affect the market, so adjust your strategy in a timely manner.
Pay attention to the popular trends of Meme coins and act quickly at critical moments.
Consider investing in multiple Meme coins with a small position to reduce risk.
Market uncertainty is high during the election period, so adjust your strategy in a timely manner to seize profits.
Meme culture may bring short-term opportunities during the election
