1) The probability of the Fed cutting interest rates by 25 basis points in December is 69.8%.


2) The US stock market enters daylight saving time, and after tonight, it will open at 22:30.
3) It seems that the China-U.S. tariffs have not been negotiated properly. This afternoon, there are still issues regarding the rare earth agreement. Beisent mentioned that if the agreement is not implemented, tariffs on China will continue to increase.
4) At 11:00 PM Beijing time on November 5th, the U.S. Supreme Court will make a ruling on Trump's tariff issue, and the following results will appear.
A. Trump has clearly lost the lawsuit, which means imposing tariffs at will is illegal, and the cryptocurrency market will rise rapidly.
B. Partial loss, followed by wide fluctuations.
C. Trump won, and the crypto market fell.
I think the probability of A is high.
Recently, the main focus is on the 4th news point, and there are no other important news contents.
Daily trend level:
Eth daily level. Support is at 3650. If it breaks below this support, it will reach around 3500-3400. Daily resistance is at 4080 (which means to reverse the trend, it must hold here).
Daily chart for Btc. Support is at 108000, if it breaks below this level, it will reach 105000. Daily resistance level is at 113333 (which means to reverse the trend, it must hold steady here).
Short-term order positions: eth at 3400 (stop loss below 3350), btc at 101000 (stop loss below 100000)
Short-term market: btc will go to 118888, eth will go to 4500, expected around a few days before November 4th (waiting for the news on the 5th, if it still has no effect, then this will be invalid) $
ETH-5.76%
BTC-1.91%
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