Don't trade if there is no market.
Account status: Following yesterday's decline, the market continued to plummet today. BTC once fell below 96,600, the amount of liquidation exceeded 1.2 billion US dollars, and the number of liquidation exceeded 300,000. Our account opened positions while falling, and in the case of floating losses, it is guaranteed that there is still the ability to add positions when it falls again.
International News
1. The US GDP in the third quarter was revised up from 2.8% to 3.1%, which was expected to be flat; the number of initial jobless claims in the United States decreased by 22,000 from the previous time, a larger decline than expected.
2. The Bank of Japan suspended interest rate hikes for the third consecutive time, and one member supported the rate hike. Governor Kazuo Ueda said that interest rates will continue to rise, but the results of the spring wage negotiations need to be observed. Traders' bullish sentiment on the yen reached the lowest level in a month.
3. The Bank of England kept the interest rate unchanged at 4.75% as expected, and 3 people voted in favor of a rate cut, which was more dovish than market expectations. The statement retained the statement of "gradual" rate cuts, which the market interpreted as hinting at a quarterly rate cut. Traders increased bets on the Bank of England to cut interest rates, expecting a 58 basis point cut next year.
4. The Swedish Central Bank cut interest rates by 25 basis points and will take a more cautious stance next year.
5. The Norwegian Central Bank kept interest rates unchanged as expected, and may cut interest rates in March next year, with the expected rate cut narrowing.
6. The US government shutdown: Trump said that if the debt ceiling is not lifted or raised, the federal government will shut down; the House Republicans reached a new temporary agreement to provide 3 months of funds for government departments to operate and suspend the debt ceiling until January 2027. The bill will be voted on at 7 am this morning.
7. China and Japan reduced their holdings of US debt by a total of more than US$30 billion in October.
8. The surge in immigration has pushed the US population to the fastest growth since 2001.
9. The G7 is considering strengthening price ceiling measures for Russian oil.
10. Russian President Putin: (Speaking of special military operations against Ukraine) We are moving towards achieving our main goals. The Russian army is advancing across the entire front.
11. People familiar with the matter: The Korean won has weakened enough to force the Korean National Pension Fund to sell nearly $50 billion worth of foreign exchange to hedge losses.
12. The French Senate passed a budget "special law" to avoid a government shutdown.
13. El Salvador reached a $1.4 billion loan agreement with the IMF at the cost of reducing financial risks related to Bitcoin.
