The market is waiting for two important news items, and the technical aspects are becoming difficult to interpret.
The situation is also starting to become confusing; during this phase, it is advisable to minimize contract trading. Regardless of who is elected, it will be a tool for the big players to harvest contracts.
Upper resistance 70000-70800 Lower support 68000-67300
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This week's major events:
On Tuesday (11.5), the U.S. election will reveal whether Republican Trump is re-elected or the Democratic Party's first female president will take office.
On Friday (11.8), the Federal Reserve's interest rate decision is expected to cut rates by 25 basis points.
On Tuesday (11.5), the U.S. election will reveal whether Republican Trump is re-elected or the Democratic Party's first female president will take office.
On Friday (11.8), the Federal Reserve's interest rate decision is expected to cut rates by 25 basis points.
Bitcoin underwent a significant washout over the weekend, currently approaching the mid-line of the daily chart, with the support level at around 68500
This is a critical time; whether the mid-line of the daily chart can hold will determine the trend in the next phase
With the US elections approaching, this week's news is very important. Be sure to manage your position reasonably and patiently wait for suitable opportunities.
Last night's non-farm data brought a rate cut that gave Bitcoin renewed upward momentum. However, due to the unfavorable news coming from the Trump down-ballot elections in some states, Bitcoin's previous upward trend faced a significant setback and began to decline again. Short-term operations should still be the focus during the day.
Upper pressure reference 70800-71300, Lower support reference 68500-69000
There are friends with 165 openings who currently have higher earnings. There will be news in the evening, and if there are profits, you can take partial profits. Set your stop-loss properly!
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$SOL
Four-hour chart, 165 is the key support, it has not fallen below, and an effective rebound can be seen
Contract operation suggestion: enter the market at around 166-165 and open long
Target: 178-188 Stop loss: 158
(Plan positions reasonably, small positions are recommended)
First, the attempt to break through the previous high failed and retraced.
Secondly, the September core PCE data is bearish, hitting the highest record in six months, and the previous value was revised from 0.1% to 0.2%. As a result, the expectations for a rate cut in November have been further weakened, and there is even a possibility of pausing rate cuts. Additionally, all three major U.S. stock indices fell across the board.
$BTC Currently, the market is focusing on strong support near 68300.
So funny, isn't the famous Boss Qiao in the circle earning every day? Why does the contract record show differently from what she posted herself? Can Boss Qiao explain this? 😂
$ETH The concubine is indeed very weak. Currently, it seems that the daily low is gradually rising, and there is an active attempt to break through the key trend line. It is necessary to break through this key position in order to welcome a significant rebound.
ETH resistance level is also under pressure and has fallen back, with a maximum profit of 85 points💰
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#BTC走势预测 #ETH走势分析
Currently paying attention to the rebound opportunity of $ETH , as for the altcoins, if Ethereum starts to lead, there should also be good opportunities. Today, $BTC can focus on the historical high point.
10.30 Daily key positions for Bitcoin and Ethereum