11.11

The best news received yesterday is that the shutdown is expected to come to an end soon. If everything goes as planned, the shutdown could end by Thursday Beijing time. Currently, market sentiment is gradually recovering. Today, U.S. stocks rose strongly. As the shutdown concludes, market focus will gradually shift back to Trump's tariffs and the Federal Reserve's monetary policy. In the past two weeks, due to the shutdown, there haven't been many data releases, and there is still over a month until the next rate cut, so the focus may remain on tariffs.

This time, the tariffs are no longer external issues but internal U.S. problems. During the oral hearings at the Supreme Court, several justices expressed doubts about Trump's authority to impose tariffs. If Trump's tariffs are invalidated, it could trigger a new wave of market uncertainty, as Trump is unlikely to sit idly by.

BTC
Yesterday, I shared the idea of a rising trend. Currently, Bitcoin needs to focus on whether it can hold above the 108200 level, which is also the bottom of this wave correction. A significant upward surge from this level still requires time. Even if it reaches around 108200, there may be a small retracement before resuming the upward structure. Overall, as long as it doesn't stabilize above 108200 today, watch out for short-term pullback risks, with support at 104500-103300 and resistance at 108200-110000.

ETH
Ethereum's outlook is similar to yesterday. Currently, the four-hour chart shows it has entered a bullish zone. The key is whether it can continue this momentum and whether it can hold above 3685. If it does, it may move around 3800; if not, it could return to around 3483. Overall, today’s range will likely be between 3483 and 3685, with support at 3485-3310 and resistance at 3685-3775.