The cyclical downturn of the economy, government shutdowns, and the AI frenzy are pushing the U.S. economy into an unprecedented predicament. The U.S. economy is currently facing a uniquely complex situation characterized by a "triple overlap": cyclical economic downturn, fiscal contraction due to government shutdowns, and the structural crowding out of consumers and non-AI businesses by AI. These three forces intertwine to create a complex environment of stagflation.

On November 15, US stocks rebounded, and Bitcoin fell below 94,000 at its lowest point.

Analyst Chen Shu: On November 15, Bitcoin and Ethereum continue to maintain a weak oscillation on the daily chart, focusing on breaking through the resistance level.

The cryptocurrency prices have fluctuated greatly this week, with a significant rise in the first half of the week, followed by a continuous decline in the last two days due to news impact, constantly refreshing recent lows. The weekly chart has closed in the red for consecutive weeks. Looking ahead to next week, Yan Ling personally tends to favor short positions.

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Fluctuating downward

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Horizontal consolidation is not a failure of Bitcoin, but a necessary stage for its successful maturation. "Why isn't Bitcoin rising?" This may be the most common question among current cryptocurrency market investors. Despite gold and U.S. stocks frequently hitting historical highs, Bitcoin has been stuck in a prolonged horizontal consolidation, leaving many investors feeling confused and frustrated. Financial analyst Jody Wiser has proposed a new perspective: Bitcoin is not in a bear market, but is undergoing a "silent IPO."

The Federal Reserve may ease liquidity pressure through policy adjustments; the People's Bank of China will conduct 800 billion yuan reverse repurchase operations; Alibaba collaborates with JPMorgan to launch a tokenized payment system; the U.S. Department of Justice recovers illegal cryptocurrency funds from North Korea.

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the ship of wealth towards the shores of success.

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the boat of wealth towards the shores of success.

"Peter Lynch tells us that investing without research is like playing poker without looking at your cards; it is bound to fail! No matter what your background is, I, Hongjie, will do my utmost with my expertise."