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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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🤣 Off the charts! Do you know? The U.S. government is going to shut down tonight! What will happen to the crypto world?
The two parties in the U.S. have failed to reach an agreement on the budget, refusing to give in to each other, which has led to a government shutdown. The unemployment rate data that was supposed to be released on Friday may not come out now. Currently, U.S. stock index futures have plummeted by 1%, and cryptocurrencies have a layer of de-dollarization property, so even though the U.S. stock market is crashing, the crypto world remains relatively stable.
Actually, the trend of Bitcoin is very strong, but now there is news of a government shutdown, so we should operate more conservatively for now. However, overall, we are firmly bullish for October. October is the strongest month for Bitcoin, and even if there are some setbacks in between, it will still rise afterwards.
We let everyone go long at 112,800 yesterday, and the surge is expected. Given the uncertainty of the closing, I might take profits at a high point. Then, if Bitcoin rises to the resistance near 117,800, I will see if I can short a position to catch a pullback.
Besides contracts, spot/low-multiplier small coins have performed well. The pump we called for several sessions is up another 20% today. Starting from the 22nd, we encouraged everyone to bottom out at 0.0051, and it eventually dropped to 0.0049, making for a perfect entry. Now it has risen by 35%. I believe there will be a pullback later, and we can still add some ecological coins of sol and Pengu. Holding until mid-October should yield good performance. These coins have been screened for everyone by Shuqin in the community~