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, Odaily Planet Daily reports that market liquidity has not improved as expected after the US government resumed operations. There is significant disagreement within the Federal Reserve regarding a December rate cut. While the market still rates the rate cut relatively high, the overall bias is towards a "hawkish" rate cut, limiting the stimulus to asset prices. US stocks have 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 similar to 2019 is repeated, there may be further downside potential. The crypto market continues its weak consolidation. The short-term cost basis for BTC has been broken below the $100,000 range, and the price has simultaneously fallen 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 show a weak structure of "inflows during rallies and outflows during declines." The BTC ETF has seen net outflows of over $1 billion for three consecutive weeks, and the ETH ETF also saw outflows of over $700 million in a single week. Overall, BTC... The current bottom range is focused on $80,000 to $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.