Phyrex|Nov 01, 2025 20:42
The weekend's workload got a lot lighter. Although Trump hasn’t commented on Powell’s speech yet, the market is gradually moving out of its pessimistic expectations. If we take BTC as a precursor to the U.S. stock market, it’s clear that investor sentiment is still pretty good, and there aren’t any noteworthy events in the short term. The lack of macroeconomic data caused by the government shutdown might not be resolved in the next week or two, and most major companies have already released their earnings reports.
The next significant market move will likely happen after the shutdown ends. While the prolonged shutdown could increase the risk of economic downturns, it might also force the Fed 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’s no systemic risk in the stock market, BTC’s price should remain relatively stable.
Looking back at Bitcoin’s data, the weekend’s turnover rate started to decline, which was expected. If it drops by half again tomorrow, it would indicate that market sentiment is almost fully recovered. Let’s see how the U.S. stock market performs when it opens on Monday. The next key focus should be the resolution of the shutdown.
The token structure is still very healthy, nothing much to say there. The support levels are very solid and have been tested multiple times. So far, there are no signs of panic among investors who are at a loss.
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