Gate.io Market: The BTC market is expected to experience short to medium term volatility due to the uncertainty of the US presidential election.

According to Gate.io's international trade data, the spot price of BTC as of 08/10/2008 at 1:10 p.m. is $ 10,623.17. Looking at the one hour chart, the market has moved lower with the MACD trying to break the zero axis at 8 this morning, and the upside is negative. Currently, the K-Line market is slowly trying to stay low and near the middle of the BOLL belt, but many groups are still weak. According to the KDJ indicator, the current power (31.43.8) is not falling and the market is very promising to continue the decline. Remember today the promotion number of $ 10,500. It is unlikely to fall below the general trading range following yesterday's rise and fall in the gold part. The reason for the market rise and fall is probably why the $ 2.2 trillion stimulus package was postponed after the US election. Currently, US commodities, gold and BTC are slowly rising, but as Election Day approaches, the candidate's decision will affect the direction of US stocks and then the BTC market. In the medium term, we want you to manage your risk well because the change will intensify over the coming months.