In the evening, combined with the macroeconomic and political situation at home and abroad, the trend of the A-share market and the crypto market is analyzed:

Domestic market:

The statement of the Minister of Finance does convey a sense of uncertainty, especially in terms of stimulus policies, which does not give a clear direction, resulting in insufficient market confidence. The buck-passing between departments and the lack of substantive measures have indeed weakened the enthusiasm of foreign capital. The stock market is once again facing a defensive battle after the rebound. Such a control strategy is likely to lose the natural regulatory function of the market in the long run.

Crypto market:

For Bitcoin, last night's rebound was indeed exciting. From a technical perspective, after breaking through $66,000, $70,000 is indeed a strong pressure zone. In the absence of further positive factors, this position may require repeated shocks to break through. The analysis of previous bull market cycles and callback amplitudes also shows that this round of bull market is likely to continue, and the prediction of breaking through $100,000 by the end of the year is well-founded, especially with the inflow of ETF funds.

Macro events:

The temporary easing of the situation in the Middle East and the current situation of local conflicts on the Korean Peninsula have limited short-term impact on the market. Geopolitical risks around the world have not escalated significantly at present, which is beneficial to risky assets such as Bitcoin. In particular, South Korea may increase its allocation of Bitcoin due to risk aversion demand, which may bring more capital inflows to the currency market in the short term.

U.S. Economy and Politics:

The expectation of the Fed's interest rate cut in November is basically set, which has a significant impact on the financial market, especially for risky assets such as cryptocurrencies. The strong inflow of Bitcoin ETF funds further supports the upward trend of Bitcoin. As for Trump's election advantage, if he wins the election, market expectations may further increase, which is also a positive factor for the bull market expectations of the currency market.