Today's homework is a bit easier to write.

CN
Phyrex
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18 hours ago

Today's homework is slightly easier to write. Regardless of the reasons for yesterday's decline, things have improved after the U.S. stock market opened tonight. Although the government shutdown issue has not been resolved, the impact from regional banks and U.S.-China trade is decreasing. Even Trump mentioned that communication with Putin is going well.

It can be said that aside from the shutdown, progress is relatively good. The House of Representatives will be in recess next week, which means the shutdown is likely to last until the end of the month. This could be the biggest trouble right now. The impact of the shutdown on GDP is real, and although the decrease in unemployment rate may influence the Federal Reserve's interest rate cut in October, the side effects on the economy, especially regarding the TGA account, are troublesome.

Although we know the shutdown will eventually end and the market is likely to regain confidence afterward, this period is quite difficult to endure. Tomorrow is the weekend, and I hope nothing unexpected happens.

Looking at Bitcoin's data, the turnover rate has been about the same over the past two days. Although it has slightly decreased today, investor sentiment remains tense. A decrease of around 30% is considered a normal turnover rate, indicating stable user sentiment. However, weekends typically see a drop in turnover rate, allowing emotions to cool down. I see that the current trend of the U.S. stock market is still quite healthy.

The chip structure remains very stable, with no signs of collapse. It stabilized around $104,000, which is exactly the support level, further validating the effectiveness of this support level.

This article is sponsored by #Bitget | @Bitget_zh

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