Sunday's homework is a bit simpler. The most important thing today should be the progress of the China-U.S. negotiations. At least from the information released by both sides so far, it seems that the 155% tariff on China will be postponed on November 1. This should provide some relief to the market, directly driving the price of $BTC up by nearly $2,000 over the weekend.

If everything goes smoothly, the U.S. reaction tomorrow should be positive. In the past two days, there has been continuous discussion that the biggest game right now is the interest rate meeting on October 30, followed by the results of the talks between Trump and Xi Jinping. A rate cut in October seems highly likely, and the China-U.S. talks should also go well, so there is a good chance that next week's market trend will be relatively worry-free.

Looking back at Bitcoin's data, liquidity over the weekend remains very low. Although positive news has triggered buying from investors, the turnover rate is still the lowest it has been in the past week. Investor sentiment remains quite stable, with recent buying and selling primarily driven by short-term investors.

There isn't much else to say; we just need to wait for the various announcements on the 30th of next week. From the URPD data, the chip structure looks good, and the support levels are quite stable.

This article is sponsored by #Bitget ｜ @Bitget_zh

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