Wall Street community live broadcast: The market is adjusting narrowly over the weekend, whether it's going north or south. We'll see on Monday and be wary of next Wednesday's FOMC meeting. Will the positive news turn negative?

Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 The overall cryptocurrency market has experienced slight fluctuations, with a total market value of approximately 3.05-3.23 trillion US dollars, and a Fear&Greek Index hovering around 23 (extreme fear). The price of Bitcoin (BTC) fluctuated around $89000, rebounding from yesterday's low, but the market experienced a 24-hour sell-off of $19.3 billion, affecting 1.6 million accounts. Ethereum (ETH) is around $3040, while XRP has fallen to $2.02. 1: China reiterates its policy of prohibiting virtual currencies: The People's Bank of China and seven other associations jointly issued risk warnings, clarifying that virtual currencies cannot be used as currency for circulation within China, and requiring relevant institutions not to provide any services. At the same time, the domestic RWA (Real World Assets) chain has terminated. This is in contrast to the global regulatory divide, where the Middle East (such as the United Arab Emirates) and Western regions are accelerating towards crypto friendliness. 2: SEC updates its agenda: The SEC will hold a roundtable discussion on "Cryptocurrency and Privacy" next week, and the founder of Zcash will give a speech; The SEC chairman stated that the entire financial system will operate on top of Bitcoin and cryptocurrency assets in the coming years. 3: The news presents a pattern of "hot in the west and cold in the east": Western institutions are accelerating their entry and product landing, while China is strengthening supervision. The market is under short-term pressure (due to the end of the Fed's QT injection of liquidity or favorable risk assets), but in the long run, institutional allocation and tokenization trends support a rebound. Suggest paying attention to the BTC support level of $89000. The probability of a strong rebound in December is high. Maintain position management. At present, the market structure still maintains an upward trend, with support provided by the news side; Control the position and maintain a good profit and loss ratio; Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.