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Today is the official voting day for the general election. Some of the earliest voting results will be announced as early as October 6th, Eastern Time (in the case of a large difference in the number of votes). The overall election situation is still quite tense at the moment, especially in the swing states where the support for both sides is basically evenly split. Trump is leading with a very slight advantage, but his lead is in the 'big states' with more electoral votes, such as North Carolina and Pennsylvania, where his support is at 49% compared to 49%.
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In addition, there is another important data about the election, the Trump propaganda and winning posters, flags and other materials ordered by the Yiwu small commodity market are far ahead of Harris. This data has been the most accurate data in past US elections. So overall, this US presidential election still has a higher probability of Trump winning. In the short term, Trump's victory will form a relatively Favourable Information for BTC, and vice versa, if Harris wins, it will generate short-term Unfavourable Information for BTC. But historically, regardless of which party wins, BTC will start a different pump trend after the election. Therefore, for mid- to long-term investment, the impact of the election on decision-making is not significant.
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BTC/ETH has been oscillating up and down several times in the past few days, with the low point continuously dropping, especially in the ETH aspect, which fell to around 2355 last night. The overall trend is relatively weak, and the high points are also continuously moving downwards, showing signs of weakening. Without discussing the U.S. presidential election, BTC needs to follow the pressure at 69500. The recent Candlestick pattern of BTC shows a clear downward trend, with several Bearish lines on the 4-hour timeframe indicating significant selling pressure and gradually dropping highs. Although there may be repeated trends of probing highs and falling in the short term, a substantial decline is expected in the end, further expanding the downward space. Short positions can be taken first, but since the mentioned support level has not been broken and has provided a certain rebound, swing trading layout tonight will continue to be biased towards long positions, ready to buy on retracements.