$BTC Will the fall continue? This question has been asked a lot recently.

The US stock market has already turned positive this morning, and the S&P index has rebounded. The sentiment seems to be stabilizing? But #美国终止政府关闭 is rising sluggishly. As usual—when it falls, everyone follows eagerly, but when it rises, they are hesitant and need time to digest.
However, speaking of which, since the US stock market has risen, it at least indicates that market panic has not continued to spread. Is it enough to be stable?
Early this morning at 4 a.m., Federal Reserve officials came out hawkish again, saying it is very difficult to support a rate cut in December. Of course, whether it will ultimately be cut depends on the outcome of the game. The expectation from CME is that the probability of a rate cut in December is only 44.4%, basically a fifty-fifty chance.
The key still lies in the data. The non-farm payroll data for September was originally scheduled to be released on October 3, but the government shutdown delayed it, and it is now rescheduled for release next Thursday. Additionally, the PCE data for October will not be available until November 26.
The Federal Reserve can only make a decision on whether to cut interest rates in December after receiving this data. If the data is strong, market sentiment will naturally improve.
With the government reopening, fiscal liquidity will gradually be released - the wages and other payments that should be distributed should begin to arrive one after another next week.
So how will it go in these days before Thursday? To be honest, no one knows if the data on Thursday will be the answer the market wants. But personally, I think that since they dare to set a time for the announcement, they are probably prepared with good data. This is just my thought.
After all, the gap of around 92 dollars is not far from $BTC . It is possible that someone will take advantage of the low liquidity over the weekend to further suppress emotions, and the price may continue to test downwards.
In my personal judgment, there shouldn't be much of a problem today; it mainly depends on tomorrow's trend...
Hope this weekend goes smoothly.