Today is Saturday, October 4th, the U.S. government shutdown has lasted for three days, and the two parties are arguing fiercely. However, this actually increases the possibility of the Fed lowering interest rates in the future. Additionally, the non-farm payroll data that was supposed to be released on Friday has also been postponed, leaving the market without a guiding indicator, but this has almost made the interest rate cut a foregone conclusion. It is now widely predicted that there will be two more rate cuts within this year, and next year there may be a cumulative reduction of 100 basis points.

In terms of market, Bitcoin surged to around 123,000 USD last night, reaching the previous resistance zone, while Ethereum remained stable, holding above 4,500 USD. Trading volume tends to be lower over the weekend, so it is expected to remain range-bound. If the government shutdown continues, and the USD continues to weaken with a decline in US Treasury yields, it could actually be good for market liquidity, potentially leading to more money flowing into US stocks and the crypto space. In the short term, sentiment is leaning optimistic, so everyone can enjoy the holiday with peace of mind!

The market is expected to be relatively calm over the weekend, with a high probability of sideways fluctuations. The real trend may need to wait until Monday's opening to see. With the expectation that the Fed may continue to cut interest rates by the end of October, a nice market movement is expected in October.

Alright, that's a simple chat for today.