#加密资产ETF十月关键对决 Bitcoin continues to test the $90,000 barrier repeatedly, and in recent trading days, it has been hovering around $88,000—honestly, maintaining this stability in a low liquidity environment is already quite good.

Today’s most noteworthy event is the release of the Federal Reserve meeting minutes. To summarize the core views: Federal Reserve officials believe that a significant part of the current inflation pressure stems from tariff shocks, and it will be challenging for inflation to return to the 2% target in the short term. There are also concerns in the labor market—business layoffs to cut costs, aging population, and slowing immigration are all dragging down labor supply. These signals suggest that the resilience of the U.S. economy may not be as strong as it appears on the surface.

However, the Fed remains optimistic about economic growth through 2026. Regarding monetary policy, their stance is: as long as inflation continues to decline next year, adjustments can be considered, but for now, they prefer to hold steady and wait a few more months of data. This essentially hints that the probability of a rate cut in January is very low, and the next move is likely to be in March.

Switching back to Bitcoin’s technical analysis. The turnover rate has noticeably decreased (holiday effect), indicating that institutions and quantitative traders are trading less, and price fluctuations are more reflective of retail investors’ genuine sentiments. Although the $90,000 psychological barrier is tightly held, overall stability remains acceptable, and investor sentiment remains optimistic.

From the distribution of holdings, the situation is also decent, but it seems the bottom formation process is not fully complete yet, so continued observation is warranted. Those who are trapped at high levels are still quite calm, and this consensus is also an important support for the price not to fall.

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