❗The trading week started with difficulty. The US election and FOMC meeting made the market unpredictable, and the market makers may stir up trouble. If you are not sure, don't trade.

The vote count and the announcement of the election results on Wednesday are the first wave of impact, and the interest rate cut at the FOMC meeting is the second wave. Both will violently stir the market. Although there is support in the 6.66w - 6.54w range, you can't just look at it. The election anxiety has made risk aversion strong and the flow of funds has changed. No matter who is elected, there is a high probability of "heaven and earth needle" fluctuations.

For BTC, going long before the election will push up the price of the currency. After the election, the new economic structure is risky and capital will withdraw. Look forward to a new high on the weekly line, but be careful of the November fluctuations that form the top of the large cycle.

Don't rely on the monthly line for analysis. It has a strong lag and is the result of the convergence of small-level market conditions. There are few opportunities to make orders based on it and it is difficult to grasp short-term changes.

【Interpretation of important events this week】

🎋 US presidential election (Tuesday): Global attention, the results affect the global economy and finance, the policy agenda affects all aspects of the economy, and is the main cause of market fluctuations.

🎋 ISM non-manufacturing PMI data (Tuesday): Measures non-manufacturing economic activities, reflects vitality and potential, and affects economic expectations and asset prices.

🎋 Initial jobless claims (Thursday): A barometer of the job market, related to consumption and economic growth, and also affects monetary policy and market funds.

🎋 Federal Reserve interest rate decision (Thursday): A global financial event that affects multiple markets, and interest rate changes affect companies and investors.

🎋 Michigan Consumer Confidence Index (Friday): Reflects economic health and affects consumption and market trends.

🎋 15% S&P 500 company earnings: It is an economic representative, and earnings affect market valuations and trends.

$BTC $ETH