In the past week, the market was greatly affected by the US election. When the odds of Trumps victory on Polymarket rose to 67%, the BTC price briefly broke through $73,620. As the weekend polls showed that Trump and Harris were in a close race, Trumps odds of winning fell to 55%. On November 5, the BTC price also fell briefly and reached a low of $67,059. $70,000 became the latest resistance level for the BTC price. As of the publication of this article, the BTC price fluctuated around $68,800 (the above data is from Binance spot, November 5, 15:00).
The US election is about to be settled, and the market is waiting for the election results. On November 4, Eastern Time, the three major US stock indexes closed down. The US election, the Federal Reserves monetary policy and US stock earnings reports have become the biggest focus of the macro market this week.
市場 分析
The results of the first polling station of the election are out, Trump and Harris each received 3 votes
Dixville Notch, a small town in New Hampshire, announced the voting results of six voters. Harris and Trump each received three votes in the voting in Dixville Notch, a small town in New Hampshire. Four Republicans and two voters who did not declare a party participated in the voting.
Affected by the US election and winter time, the Federal Reserves interest rate meeting was postponed for one day
Affected by the US election and winter time, the Federal Reserve will announce its interest rate decision at 3:00 a.m. Beijing time on November 8 (Friday). According to convention, the Federal Reserve holds interest rate meetings on Tuesday and Wednesday and announces the results of the meeting at midnight on Thursday Beijing time, but this time it happened to coincide with the US election, so the Federal Reserves interest rate meeting was postponed for one day.
Microstrategy announces $42 billion BTC investment plan, which may catalyze the long-term development of BTC
Last week, Microstrategy announced a three-year 42 billion BTC investment plan, mainly raising funds through the issuance of stocks and convertible bonds to increase BTC holdings. In the long run, the plan may push up BTC prices.
建議佈局
The election data is in a stalemate, the market is still unclear about the election results, and traders have lost their 貿易 direction. CME BTC options data show that the markets demand for hedging against price declines has increased, indicating that traders are concerned about the decline in BTC prices during the election week. However, many analysts believe that BTCs upward trend will not change due to the presidential candidate.
Whether Trump or Harris is elected, their economic policies may lead to different asset trends and whether the US economy will have a soft landing, a hard landing or no landing. At the same time, October data showed that the expectations of tax cuts and decoupling between China and the United States in Trumps economic policies will inevitably lead to a further increase in the size of US debt and a severe sell-off of US debt.
In the current context, it is a good choice to reasonably allocate assets and ensure a certain proportion of funds for stable returns. For example, stable structured products such as Shark Fin or Trend Smart Profit products can obtain relatively good incremental returns on the basis of cost protection if the market trend is judged, which is suitable for investors who are optimistic about the trend of BTC and ETH in the long term. At the same time, Matrixports RWA platform Matrixdock has recently launched the gold token XAUm, providing a new encryption option for gold investment. XAUm is fully supported by LBMA specification physical gold bars with a purity of not less than 99.99%, and physical redemption services are available in Hong Kong and Singapore.
As the worlds leading one-stop 加密貨幣 financial service platform, Matrixport provides users with diversified asset management products, including dual-currency investment, Snowball, Shark Fin, Trend Intelligence, Seagull and other structured products; quantitative strategy, passive strategy and other strategic investments. The above products support multi-currency investment and a wide range of investment cycles.
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This article is sourced from the internet: Matrixport Market Observation: US election is in a stalemate, 70K becomes the latest resistance level for BTC
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