#Gate广场圣诞送温暖 comes from the views of relevant experts.

The broadening wedge pattern of Bitcoin finally broke down clearly last week. The target of this pattern is around $70,000, so even if there is a rebound this week and next week, the price should ultimately fall back and test $70,000. Last week, the U.S. government returned to work but did not provide any help to the market. In the coming weeks, it may be difficult to predict when economic data will be available or not, as many data releases have been delayed due to the government shutdown. The market is divided on whether the Federal Reserve will cut interest rates at the next meeting, and the Fed itself seems to be balancing the contradictions between inflation pressures and labor market issues.