Phyrex
Phyrex|Nov 10, 2025 19:04
Finally back home! The best news today has to be the glimpse of hope for the end of the shutdown. If all goes well, the shutdown should end by Thursday Beijing time. Market sentiment is gradually recovering, and U.S. stocks had a solid rally today, bringing $BTC back to around $106,000. Looks like this bottom-fishing move was a success. With the shutdown ending, the market’s focus will likely shift back to Trump’s tariffs and the Fed’s monetary policy. Due to the shutdown, there might not be much data in the next two weeks, and the next rate cut is still over a month away. So, tariffs might take center stage for now. However, this time the tariff issue isn’t external—it’s an internal U.S. matter. During the Supreme Court’s oral hearings, several justices expressed doubts about Trump’s tariff authority. If Trump’s tariffs are overturned, it could spark a new wave of market uncertainty, as Trump definitely won’t take it lying down. Looking at Bitcoin’s data, today’s turnover rate surged significantly, mainly due to the news of the shutdown ending. Some investors are ramping up their bottom-fishing efforts, but it’s also clear that those who bought during the shutdown are now showing strong expectations to exit. Looks like we’re in for another tough battle ahead. For the past two days, I’ve been saying that the support level is very stable. Although short-term sentiment caused a dip below it, as long as the support doesn’t collapse, it’s easy to bounce back—and that’s exactly what happened. Now $BTC’s price is back in the support range, and the chip structure remains tight. Sponsored by Bitget | @Bitget_zh
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