#美国终止政府关闭 **November 17 Crypto Market Observation: Fed Internal Disagreements, BTC and ETH Technical Pressure**

**Uncertainty at the policy level is accumulating.**

There is a clear divide within the Fed regarding whether to cut interest rates in December—Logan and Schmidt are clearly against a rate cut, taking a hawkish stance; while Milan supports the continuation of dovish policies. This inconsistency in high-level statements directly leads to increased market risk aversion and pressure on risk assets.

**In terms of technical patterns, mainstream cryptocurrencies are still in a weak recovery phase.**

BTC and ETH currently exhibit a typical "pullback within a downtrend" characteristic. The price has failed to break through the BOLL middle track resistance level, and overall trading volume is shrinking, with net fund inflow remaining negative. In terms of the moving average system, after the convergence of MA7 and MA30, they have failed to form an effective upward break, continuing the bearish structure, and the probability of a bearish trend in the short term is relatively high.

**In terms of trading strategy, shorting at high points remains the main line.**

- **BTC reference range**: 95200-95800 can consider short positions, targeting 93000, further looking at 91000.
- **ETH reference range**: Short position entry at 3150-3200, target at 3000, extending to 2800

Control your position well, keep up with the market rhythm, and don't get lost in the fluctuations. When the trend is clear, execution is the key to profit.