#村长说10.30 market analysis, this week’s highlights and today’s highlights

Preface

Open interest in pie futures contracts and options hit record highs, with pie futures open interest recently exceeding $15.83 billion, the highest level since early June 2022.

Additionally, pie option holdings currently stand at approximately $15 billion, having hit an all-time high of $17.73 billion on October 27. Open interest in the pie futures contract has increased by 33.5% since October, indicating growing interest in cryptocurrency trading.

Market review

At the weekend, the big pie and the second pie started the consolidation mode. The big pie was between 34000-34700 and the second pie was between 1770-1810. The market showed a hot spot rotation phenomenon and various currencies began to play freely.

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 views:

Look at the results of Wednesday's great interest rate meeting, wait for a surge, and watch the first wave of big corrections.

The market consolidated over the weekend and surged higher on Monday morning. At present, it has retreated slightly, and the market has basically not moved. It is estimated that we will have to wait until Europe and the United States wake up in the evening, and small coins will start to rotate in hot spots. In the past few days, the Yuanverse NFT sector has begun to rise. power, you can pay appropriate attention. The current pressure on the market is 34800-35200, which is the previous high. The support level is at 33600-34000. The big support level is around 32000. Waiting for the big beautiful stocks to open in the evening to see the direction, the editor's opinion is still a little more bullish.

Due to the delay in the upgrade, the second pie obviously feels much weaker. It reached a maximum of around 1817 in the two days of the weekend, which is much less strong than the big pie. At present, let’s look at the consolidation of the two cakes. The pressure above the two cakes is between 1850-1880, the support below is between 1760-1740, and the major support is between 1680-1710. If it falls between 1740-1700, you can try to place long orders. The lowest level is 1680, and the upper level is around 1850. The article contains personal opinions and does not constitute investment advice.