BitEagle Accurate Market Analysis 11.1

Today the U.S. Treasury Department will announce its latest bond issuance plan, which will cause fluctuations in the market.

Yesterday, after the expected scale of borrowing in the fourth quarter, U.S. Treasury bond yields fell back in the short term, so today's bond issuance should not be too negative, because the government borrowing amount should not be that high, and the bond yield will not be too high.

At 2 o'clock in the morning tonight, the Federal Reserve will hold an interest rate meeting and announce an interest rate decision. Federal Reserve Chairman Powell will hold a press conference half an hour later. There is a 90% probability that interest rates will not be raised, but the future interest rate decisions revealed in Powell's speech will affect the market. There is a high probability that Powell will not say harsh words, because his last speech was a positive one, and human behavior has its own inertia.

From the data on the chain

(1) The proportion of giant whales increases, and the willingness of large investors to sell coins increases (bad)

(2) Stable currency outflow to the value on October 13 (bad)

It depends on whether today’s two major macro events can push BTC to break through $35,000.

If both are negative, combined with the negative on-chain data, BTC will follow a correction trend.

It is suitable to wait and see at the moment, and it is not recommended to add more positions. #BTC

If there is a callback, you can pay attention to: #Chr , #STX , #TON .