**[BitMart Market Report: BTC Tests Key Support Amid Liquidity Pressure, Risk Appetite Cools Significantly]** Odaily Planet Daily News – According to the BitMart market report on November 7, the U.S. government shutdown has led to a lack of critical economic and employment data, causing market uncertainty in assessing fundamentals. The expectation for a December rate cut remains high at around 70%, while the SOFR rate once surged to 4.22%, highlighting tight dollar liquidity. U.S. stocks have become increasingly fragile against the backdrop of high valuations and disappointing earnings reports from some consumer and retail sectors. In the crypto market, BTC and ETH spot ETFs continue to see net outflows. BTC's weekly correction persists, currently attempting to stabilize near $98,000. While the daily chart shows a rebound from key support levels, the strength of this rebound remains to be seen. If BTC subsequently falls below $98,000, it would signal that the last line of defense for the bull market is under threat, requiring a shift to a defensive mindset. ETH has failed to hold above $3,900 effectively and has continued to decline, showing a significantly weaker trend compared to BTC. Coupled with the overall weakness in altcoins and a decline in risk appetite, the market has now entered a phase of high volatility and a defense-first strategy.