BlockBeats News, September 29th: Recently, the Federal Reserve resumed interest rate cuts to support weak employment conditions while also warning of overvalued stock markets. The U.S. faces a government shutdown risk on October 1st, and Trump will meet with congressional leaders. The rate cut expectation is positive for risk assets, but asset bubbles and political risks amplify short-term volatility, providing both funding support and additional downside uncertainty to the cryptocurrency market.
Mid-term interest rate cuts establish liquidity improvement to support risk assets. Short-term concerns about asset bubbles and shutdown political risks will exacerbate fragility, leading to sharp declines followed by rebounds in the market. In the cryptocurrency market, BTC faces pressure at 116k; with key liquidity support near 108k and a secondary bottom at 104k. Currently retreating from 112-113k to around 110k, short-term trading is mainly characterized by range-bound fluctuations, with a breakthrough requiring clear confirmation of fund inflows.
Bitunix Analyst Recommendations:
A dovish policy stance is a mid-term positive, but Powell’s caution about bubbles and the government shutdown risk mean that short-term risks should not be underestimated. Sentiment is torn between “rate cut bullishness” and “political + overvaluation risks,” so traders should focus on liquidity and data for decision-making. BTC has short-term support at 108k–106k, with a secondary level at 104k. Resistance is at 118k – 116k, with a breakout confirmation targeting 120k. Risk management recommendations include lowering leverage and entering/exiting positions in batches.
