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Bitunix Analyst: US Government Shutdown Ends, Market Focus Shifts to Data Vacuum and Policy Fog

2 hours ago

November 13th: President Trump of the United States signed a temporary funding bill, officially bringing an end to the longest government shutdown in U.S. history, which lasted for six weeks. This bill will provide funding for the federal government until January 30th, 2026, thereby averting the short-term economic shutdown risk. However, the White House cautioned that the October non-farm payroll and CPI reports might be permanently lost due to the shutdown, leaving the Federal Reserve in a state of "flying blind" regarding whether to further cut interest rates in December. Currently, the market generally anticipates that U.S. bond yields may continue to decline, and the U.S. dollar index may come under short-term pressure. For the cryptocurrency market, the "information vacuum period" created by this policy and data gap will lead funds to be more inclined to avoid the uncertainty of traditional financial assets. After the news was announced, Bitcoin (BTC) briefly rebounded to $102,177. The short-term support level is at $101,325, and the pressure is concentrated around $107,362. Structurally, it indicates that the main funds are still accumulating within the oscillation range, and the market has not yet exhibited a trend breakthrough signal. Bitunix Analyst's Opinion: The resumption of the government symbolizes the restoration of short-term confidence. However, the potential data vacuum and the risk of another shutdown will continue to dominate market expectations. The macroeconomic outlook is currently in a wait-and-see stage, and market liquidity is refocusing on high-volatility assets. The cryptocurrency market may gain short-term benefits from hedging and arbitrage demands. Investors should pay close attention to the subtle adjustments in the U.S. dollar trend and interest rate expectations, as these will be crucial for the next round of changes in fund directions.
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