Bitunix Analyst: FOMC divisions intensify — policy vacuum ahead of NFP return, BTC rebounds after retesting the 90k level

BlockBeats News, November 20th: Ahead of the major data releases on November 20, the Federal Reserve’s October meeting minutes revealed rare and deep internal divisions, heightening market sensitivity as the NFP, unemployment rate, and initial jobless claims return after weeks of data blackout. The minutes show that policymakers are sharply split on whether the Fed should cut rates again in December — a level of disagreement not seen in years. “Many” officials believe there is no justification for further easing, while only “a few” favor continued rate cuts. Some regional Fed banks even opposed the very rate cut implemented in October, signaling fractures within the FOMC on both direction and pace.

With the government shutdown delaying key labor and inflation data, the Fed is effectively “flying blind,” intensifying uncertainty. Markets are now betting that tonight’s NFP release may serve as the final benchmark shaping the December policy decision.

In this policy vacuum, the crypto market has reacted most directly. The fear index has dropped to 10, showing that panic sentiment has not yet subsided. Trading volume over the past 24 hours stands at a neutral 344.91 billion USD, indicating a cautious stance ahead of NFP volatility. BTC is once again attempting to reclaim the 90,000 USD level, with immediate resistance at 93,000 USD — a direction likely to be determined by tonight’s data.

Bitunix Analyst View: With policy consensus fading, data reliability compromised, and tensions between the White House and the Federal Reserve escalating, the market has entered a phase where price action dictates narrative. If NFP shows a sharp cooling in the labor market, markets may reprice for a December rate cut, giving BTC room to test the 93,000–95,000 USD zone. Conversely, if labor data remains resilient, it will amplify policy division and force a re-pricing of interest rates — making leveraged positions the first to unwind.

Tonight’s data is not just an economic indicator — it may serve as a short-term structural inflection point.