Today's homework is still difficult to write.

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Phyrex
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8 hours ago

Today's homework is still difficult to write. Although it feels like the cryptocurrency industry as a whole is on the rise, and even many altcoins that haven't moved for years are increasing, the biggest problem in the U.S. right now is that the government shutdown has not been resolved. I originally wanted to wait and see if a concrete consensus could be reached today, but by dawn, there was still no result. Forget it, let's talk about it tomorrow.

Current market predictions indicate that the U.S. government may be shut down for 47 days, which means the market is not optimistic that the two parties will reach a consensus this week and resume work next week. It is very likely that discussions will continue next week, and then work will resume a week later. However, the fact that both parties are sitting down to negotiate is real. Although the Republican Party rejected a proposal, the market still believes there is a chance for talks.

Before the market closed today, U.S. stocks quickly rebounded, driven by expectations of a compromise between the two parties. Hopefully, this can be resolved soon.

Looking at the data for Bitcoin, today's trading volume suddenly increased, likely due to the significant fluctuations in the price of $BTC, which dropped to nearly $99,000 before bouncing back above $103,500. This may have triggered some panic among investors, but the outcome doesn't seem too severe. This is also why I always say not to be bullish when prices rise and bearish when they fall, because you never know when sentiment will reverse.

From the current chip structure, it still looks very healthy. Although it temporarily fell below the support level, the gap is not very large, and there has been no collapse of the support level. What we may need to wait for is the opportunity for the shutdown to end.

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