Bitunix Analyst:Fed begins rate-cut cycle to support jobs but warns of bubbles;U.S.govt shutdown risk adds volatility

BlockBeats News, September 29th:the Fed resumed rate cuts to stabilize weak employment while warning about elevated equity valuations. The U.S. also faces a potential government shutdown on Oct 1, with Trump set to meet congressional leaders. While rate cuts support risk assets, bubble concerns and political risk add near-term volatility, giving crypto both liquidity tailwinds and downside uncertainty.

In the medium term, confirmed rate cuts improve liquidity and support risk assets, but short term, markets may see sharp drop–rebound swings.

Crypto Market: BTC faces resistance at 116k; key liquidity support lies near 108k, with secondary support at 104k. Price has pulled back from 112–113k to around 110k, with range-bound trading likely unless supported by clear capital inflows.

Bitunix Analyst Advice

Policy dovishness is a medium-term positive, but bubble risks and shutdown uncertainty mean caution remains necessary. BTC key support at 108k–106k, secondary at 104k; resistance 116k–118k, with a confirmed breakout opening 120k. Suggested approach: reduce leverage, scale entries, and stick to strict risk management.