#Gate广场圣诞送温暖 comes from the views of relevant experts.

The broadening wedge pattern for Bitcoin finally broke down last week. The target for this pattern is around $70,000, so even if there is a rebound this week and next, the price should ultimately fall back to test $70,000. Last week, the U.S. government returned to work but did not provide any help to the market. In the coming weeks, it may be difficult to predict when economic data will be available or unavailable, as many data releases have been delayed due to the government shutdown. The market is divided on whether the Federal Reserve will cut interest rates at the next meeting, and the Fed itself seems to be caught between inflation pressures and labor market issues.