#btc Weekend! Mutation!
1. Today marks the end of the longest government shutdown in U.S. history lasting 40 days. Thus, this time the #btc has restored its previous sovereignty. The market is subject to significant fluctuations. If leveraging, one needs to closely monitor the market, but for spot trading, one only needs to buy and hold.
2. This year has been a long stress test for the market and policies. If it reopens today, liquidity may stabilize again. Bitcoin traded around $101,000 on Tuesday, marking the first drop below $100,000 since June, with the current trading price around $101,000. This suggests that the double bottom pattern has yet to be confirmed, and the price needs sustained trading volume to break through $104,000 and reclaim the resistance level of $110,000.
3. Technical indicators show that Bitcoin has fallen 20% from the historical high of $126,000 set in October, with Tuesday's low of $98,944 testing the 365-day moving average, which is around $102,000 and historically has been the final support level of this bull market. CryptoQuant analysts point out that if Bitcoin fails to regain the 365-day moving average, it may accelerate the further pullback to the next support level of $95,000. The Fear and Greed Index has plummeted to 21, indicating extreme fear.
4. Over $1 billion in funds have been liquidated, with ETFs experiencing outflows of $1.3 billion for four consecutive days, reversing the strongest upward momentum of 2025. The double bottom pattern requires two distinct low points interspersed with a rally before a breakout can be confirmed, but Bitcoin currently lacks this pattern.