Yesterday, after BTC broke 9 and ETH broke 3, they are trying to brew a Rebound. What is very strange is that while the US stock market continues to plummet, the crypto world did not follow the US stock market in continuing to fall; instead, it began to lead the market higher.

1. BTC briefly fell below 90,000 USD, with major support at 85,000. If volatility continues to expand and we encounter unexpected events, there is a possibility of further price retracement. However, as long as sentiment gradually stabilizes, we are close to a phase bottom range.
2. The super liquidation wave in October clearly harmed confidence, and combined with the market's growing doubts about whether the Federal Reserve will cut interest rates in December, the overall sentiment in the crypto world is weak.

3. Due to the delay of key economic data, the internal divisions within the Federal Reserve regarding the interest rate path have intensified, and Powell is under significant pressure. The core of the current market is that it is preemptively digesting the possibility of "no interest rate cuts in December," bringing valuations and positions back to a more reasonable level. However, I believe that as long as the CPI does not explode and inflation does not unexpectedly rebound, the Federal Reserve is very likely to choose to cut interest rates in December.

4. Additional potential benefits: Expectations for the new Federal Reserve Chairman. Trump has stated that the next Federal Reserve Chairman has been determined. Although the name has not been disclosed, the market generally believes that the new Chairman is likely to promote more aggressive interest rate cuts after taking office, which will shift investors' focus from short-term disturbances to a long-term easing cycle.