The weekend homework has become much simpler. Although Trump has not yet commented on Powell's speech, the market has gradually emerged from pessimistic expectations. Taking $BTC as a precursor to the U.S. stock market, it is evident that investors' sentiment is still quite good, and there are no noteworthy events in the short term. The lack of macro data due to the shutdown may not be resolved in the next week or two, and most of the major companies have already released their earnings reports.

The market's next significant gamble will likely occur after the shutdown ends. While the market anticipates that the prolonged shutdown may bring risks of economic downturn, it will also force the Federal Reserve and Trump to come together in the short term. My view remains consistent: the U.S. stock market and Bitcoin are highly correlated. As long as there are no systemic risks in the U.S. stock market, the price of BTC should stabilize to some extent.

Looking at Bitcoin's data, the turnover rate began to decline over the weekend, which was expected. If it can be halved tomorrow, it would indicate that market sentiment is also recovering. Let's see how the U.S. stock market opens on Monday; the focus moving forward should be on the resumption of the shutdown.

The chip structure remains very healthy, and there is not much to say. The support is also very solid, having withstood multiple rounds of testing, and there are currently no signs of panic among loss-making investors.

This article is sponsored by #Bitget ｜ @Bitget_zh

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