BitMart Market Report, November 18: Swinging Interest Rate Cut Expectations Trigger Correction Across Multiple Assets; BTC Risk of Breaking Key Moving Average Increases

According to BitMart's market report on November 18th, market liquidity did not improve as expected after the US government resumed operations. There was significant disagreement within the Federal Reserve regarding a December rate cut. While the market still indicated a high probability of a rate cut, the overall bias was towards a "hawkish" rate cut, limiting the stimulus to asset prices. US stocks entered a healthy correction phase. Although AI leaders have solid fundamentals, they are suppressed by valuation and interest rate uncertainties. The S&P 500 and Nasdaq have corrected by about 5% in the current phase. If a soft landing scenario repeats itself in 2019, there may be further downside potential. The crypto market continued its weak consolidation. The short-term cost basis for BTC around $100,000 has been broken, with the price simultaneously falling below the 365EMA and the $93,000 support level. Short-term holders are generally experiencing losses. If the price cannot quickly return to the aforementioned range, it may enter a longer downward cycle. ETF funds continue to exhibit a weak structure of "inflows during rallies and outflows during declines." The BTC ETF has seen net outflows exceeding $1 billion for three consecutive weeks, and the ETH ETF also saw outflows exceeding $700 million in a single week. Overall, BTC... The current bottom range is focused on $80,000–$90,000. Although market sentiment has been largely priced in, there is still a possibility of further price declines. In the short term, it is still necessary to maintain a defensive stance and observe patiently.