Today is the official voting day for the general election. Some of the earliest voting results will be announced on the early morning of October 6th Eastern Time (in cases where there is a large difference in the number of votes between the two sides). The overall election situation is still quite tense at the moment, especially in swing states where both sides have similar levels of support. Trump is currently 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 stands at 49% compared to 49%.

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In addition, there is important data about the election: orders for Trump propaganda, victory posters, flags and other materials at the Yiwu small commodity market are far ahead of Harris. This data has been the most accurate in past US elections. Therefore, overall, Trump still has a higher probability of winning the US presidential election. In the short term, Trump's victory will create a larger Favourable Information for BTC, and vice versa, Harris's victory will have a short-term Unfavourable Information impact on BTC. However, historically, regardless of which party wins, BTC will start different degrees of pump trend after the election. Therefore, for mid-to-long-term investments, the impact of the election on decision-making is not significant.
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BTC/ETH has been oscillating frequently in the past few days, and the low points are continuously emerging, especially in the ETH aspect, which fell to near 2355 last night. The overall trend is relatively weak, and the high points are also continuously moving downward, showing signs of weakening. Not to mention the U.S. presidential election, in terms of trend, BTC needs to follow the pressure at the 69500 level. The recent Candlestick pattern of BTC shows a clear downward trend. In the 4-hour period, multiple Bearish lines indicate significant selling pressure in the market, and the high points are gradually dropping. Although there may be repeated trends of reaching highs and then falling in the short term, it is ultimately expected to see a substantial volume decline, further expanding the downward space. Short positions may be initiated first, but since the previously mentioned support levels have not been broken, there will also be a certain rebound, so we continue to face with low long positions and buy on retracements in the evening for swing trading strategies.