#村长说10.27 market analysis,

What to watch this week and what to watch today

Preface

Data released by Dali showed that GDP in the third quarter was 4.9%, higher than the expected value of 4.3% and higher than the previous value of 2.10%. The core price index PCE in the third quarter was 2.4%, lower than the expected value of 2.50% and lower than the previous value of 3.70%. In the third quarter, GDP hit a new high since the fourth quarter of 2021, and the PCE core price index hit a new low since the first quarter of 2021.

The changes suggest the economy remains capricious and inflation is falling. Traders generally believe the Fed will keep interest rates on hold for the rest of the year. It is speculated that there is a high probability that interest rates will not be raised in November. . . .

Market review

Recently, after the big pie flew to around 35280, it started a 24-hour consolidation, and the market experienced a hot spot rotation. The second pie took over the big pie's stick and began to charge. The highest price yesterday was around 1872.

The main reason for this rise is the expectation that the spot ETF may be approved in the near future, so it can be regarded as a calf until the SEC does not explicitly reject it~~

Today’s highlights and this week’s retracement will lead to long positions.

Look for some small coins to pull back and go long. The market has reached a new high. The market should be bullish. The external environment continues to be bad at present. The market is consolidating between 33600-34600. When the consolidation is over, it is estimated that there will be another vigorous charge. The editor's opinion is that the highest point this time is around 36,000.

Reason: The general environment does not support a sustained surge. The biggest reason why the market can rise so much currently is the expectation for the market spot ETF. If this expectation is passed, it will be good for the implementation. If it does not pass, it will be waiting and holding the market. Most of them are large institutions and consortiums. This wave of promotion is not sudden, but it is very powerful. There are not many retail investors getting on board. What is the purpose of large institutions and consortiums to promote the market? There is still half a year left for the pie to be halved. It’s so beautiful. The rate cut is at least half a year away.

What are spot ETFs? (Entrances for multiple retail investors to enter the market). After careful analysis, there is only one conclusion that can be drawn: high-level shipments. The editor's opinion is, hold on, wait for a high position, and go short. Thinking about the market situation on the eve of the halving in 2020, the history is always similar.

The second pie currently breaks through 1850, reaching a maximum of around 1870. The major support points at the intraday level are mainly around 1750-1780, and the first target resistance point above focuses on the 1880 range.The article contains personal opinions and does not constitute investment advice.