Phyrex
Phyrex|11月 07, 2025 21:29
Today's work is still hard to write. Although it feels like the overall crypto industry is on the rise, and even many altcoins that haven’t moved in years are going up, the biggest issue in the U.S. right now is that the government shutdown hasn’t been resolved. I was hoping to see if there would be any concrete consensus today, but even by dawn, there’s still no result. Oh well, let’s wait and see tomorrow. The latest market predictions now show that the U.S. government shutdown could last for 47 days. This means the market isn’t optimistic about the two parties reaching a consensus this week and resuming work next week. It’s very likely that discussions will continue next week, and work might resume a week later. But regardless, the fact that both parties are sitting down to negotiate is real. Although the Republicans rejected a proposal, the market still believes there’s a chance for talks to succeed. Before the market closed today, U.S. stocks rebounded quickly, reflecting expectations for a compromise between the two parties. Hopefully, this can end soon. Back to Bitcoin data—today’s turnover suddenly increased, which is probably due to the sharp price fluctuations in $BTC. From almost breaking below $99,000 to climbing back above $103,500, this might have triggered some panic among investors. But looking at the results, the issue isn’t too serious. This is why I always say don’t get overly bullish when prices rise or overly bearish when they fall—because you never know when sentiment will reverse. Looking at the current chip structure, it’s still very healthy. Although it temporarily broke below the support level, the gap isn’t too big, and the support level hasn’t collapsed. What we might need to wait for is the opportunity that comes with the end of the shutdown. Sponsored by @Bitget|Save the most on fees, grab the best rewards, and become a VIP at Bitget.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads