律动BlockBeats|Nov 20, 2025 03:29
BitUnix analyst: FOMC split intensifies, policy vacuum before non farm return, BTC retests rebound at 90000 mark
According to BlockBeats, on November 20th, before the return of heavy data, the minutes of the Federal Reserve's October meeting released rare and profound internal divisions, making the market particularly sensitive during the data gap period of non farm payroll, unemployment rate, and initial jobless claims. The minutes show that policy makers have fallen into a rare sharp confrontation over whether to continue cutting interest rates in December, with "many" officials believing there is a lack of basis for a rate cut, and only "a few" officials leaning towards continued easing. In some regions, the Federal Reserve even opposed the decision to cut interest rates already made in October, indicating cracks in both the direction and pace of the FOMC. Due to the government shutdown delaying key employment and inflation data, the situation of policy blindness has worsened, and the market is once again betting that tonight's non farm payroll announcement will become the final benchmark for the December meeting. In this policy vacuum, the response of the cryptocurrency market is the most direct. The panic index has dropped to 10, reflecting that the panic sentiment has not yet subsided. The trading volume in the past 24 hours has fallen below the neutral threshold of 344.91 billion, indicating the market's conservative attitude before the non farm market. BTC is currently rebounding above $90000, with short-term pressure levels focused on $93000, and the trend will be dominated by tonight's data.
At a time when policy consensus is disappearing, data timeliness is distorted, and conflicts between the White House and the Federal Reserve are escalating, BitUnix analysts believe that the market is entering a stage of price driven narrative. If non farm payroll data shows a rapid cooling of the labor market, the market will re bet on a rate cut in December, and BTC is expected to explore the range of 93000-95000; On the contrary, if the data still shows resilience, it will amplify policy fragmentation, trigger interest rate repricing, and make high leverage positions the first adjustment targets. Tonight's data is not just an indicator, but may also become a short-term structural turning point.
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