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Regarding the current market situation, let's first analyze the news surface
1. Macroeconomic pressure: There is uncertainty about the future interest rate policy of the Federal Reserve, and the US federal government has been shut down for 32 days, which collectively exacerbates market concerns.
2. Market technical adjustment: After Bitcoin rose significantly to over $110000 in the early stages, some investors chose to sell their locked profits, resulting in a natural price correction.
3. Rotation of sector funds: The progress of Sino US trade negotiations has stimulated the rise of traditional technology stocks, attracting some speculative funds to flow out of the cryptocurrency market.
This week, several Federal Reserve officials will give speeches, especially the remarks of New York Fed President Williams, and the market hopes to find clues for future monetary policy from them. Pay attention to whether the US Senate can reach an agreement on ending the government shutdown on the evening of November 3rd.
The above is the recent news, so what should we do? And how to use technical indicators is currently being explained in the live broadcast room
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
