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Today is October 27th, BTC price 115299
The weekend trade war has basically reached a framework, and the news has stimulated a rise in BTC. Trump's biggest problem now is not the trade war, but the midterm elections in the U.S. Previously, Trump could do as he pleased because the Republican Party held a majority in both houses of Congress. If he loses the midterm elections, his power will be significantly constrained, so decoupling between China and the U.S. is not possible in the short term. This is also why we are taking the initiative this time.
The upcoming interest rate meeting on the 30th has a 95% probability of a 25 basis point rate cut, along with the macroeconomic benefits for BTC from the temporary agreement between China and the US.
Back to the market, BTC has broken through the 4-hour MA250, and the short-term moving averages have not caught up yet. The disorder on the daily chart may lead to a slight pullback during the night. For more details, please watch the video.