Let's start with the basics: Areas above swing highs and below swing lows are the most liquid areas of the market, where prices are most attractive. In recent days, we've seen Bitcoin hit new highs just above its previous all-time high (ATH). This is an area of high liquidity. What typically happens after a liquid area is broken? The market experiences a temporary reversal. Scalpers are well aware of this, as they see these swings play out daily. Prices began to plummet. Some attribute this to Trump's announcement of 100% tariffs on China. But the market is no stranger to such news. Why did it react this way? As always, news is only the tip of the iceberg when it comes to impulsive moves. For an impulsive move to occur, it must first be based on a chart. In this case, we see a difficult and slow climb to a new all-time high, which likely leads to a buildup of orders. This buildup of orders pushes the price into the liquidity pool above the previous ATH, completing the accumulation process that drives the price to the top. Now that the liquidity from the previous swing highs has been absorbed, what's the next target liquidity area? All the swing lows that occurred during the accumulation phase. And not only that. Why didn't price stop absorbing liquidity during the last accumulation phase, instead moving further lower? Because the market structure has been stretched for so long, we haven't seen liquidity break below a significant low since June 22nd. Thus, price ignored every internal structure, every internal FVG (Fast Wave Peak), and every minor swing low, collecting all remaining liquidity until it stopped at a key area. This support area is the same as the liquidity absorption area from June 22nd. This area held the price above $100,000. This area acts as a psychological barrier. This area presents a significant FVG, which, once rebalanced, becomes support for the market structure. What's next? There are several possibilities, but we will analyze them in the following articles.

Due to Congress's failure to approve funding for fiscal year 2026, the US federal government declared #Shutdown2025 at midnight on September 30th, the first such event since 2018-2019. This partial shutdown affected non-essential operations, furloughed approximately 800,000 employees, and delayed the release of economic data, including the October jobs report. Some thoughts on financial markets: Expect volatility and risk aversion in the short term as investors await clarity, with stocks potentially falling by 0.5-1% initially. US Treasury yields could rise due to trading complications caused by missing Federal Reserve data, a slowdown in IPOs, and a reduction in SEC staff (to approximately 9%). A prolonged shutdown could reduce quarterly GDP growth by 0.1-0.2%. For cryptocurrencies: Heightened uncertainty could lead to price declines for #Bitcoin and #Ethereum (e.g., 2-5%), delay the SEC/CFTC's review of spot ETFs (such as #Solana), and stall market structure legislation in Congress. Trading volumes may surge on panic, but historical precedent suggests that if resolved quickly, long-term damage will be minimal.

If we previously had doubts about Powell's re-election as Fed Chair, now Trump's choice is a done deal. 😂 In fact, it wasn't much different than we expected. Powell immediately dispelled Trump's interest rate cuts. In my opinion, maintaining high interest rates has also, to some extent, hindered tariff wars with other countries. Trump's stance appears to have softened, but a deeper and earlier rate cut would certainly have strengthened the US economy, as more liquidity would have flowed into financial markets and the US economy. This is clearly a short-term scenario. In the long term, the outlook seems less optimistic, but we will have to wait and see how the US domestic economy and geopolitical situation develop.

This chart is an updated version of the $BTC liquidation heatmap on #HyperLiquid. It visualizes the cumulative liquidation levels of leveraged long (bullish, red line) and short (bearish, green line) positions, comparing them to historical #Bitcoin prices. - Red Line (Cumulative Long Liquidation Leverage): Starting at a high on the left (around 2,500 at $93,000), it declines sharply on the right, approaching 0 around $105,000-106,000. This indicates a decrease in long risk: as the price rises, long positions are liquidated (or closed at profit), reducing the accumulated "downward pressure." This is a bullish signal, typical of a rally with profits for longs and losses for shorts. - Green Line (Cumulative Short Liquidation Leverage): Starting at a low (around 0 at $93,000), it gradually rises, accelerating from around $105,000, and peaking above $109,000 at around $1,000-1,500. This indicates increasing short-term risk: the higher the price, the more vulnerable leveraged shorts become, potentially leading to a "short squeeze" (forced buying that pushes prices higher). The overall trend is strongly bullish. 🚀 Long leverage is nearly exhausted (low downside risk), while short leverage is accumulating (high upside risk). The current price ($109,000) is in a "safe" zone for longs, but close to a potential catalyst.

Now, let me briefly explain why Powell only cut rates by 25 basis points and why Trump frequently accuses him of incompetence. Jerome Powell's term as Federal Reserve Chairman expires in May 2026. However, he will remain a member of the Federal Reserve Board of Governors until January 31, 2028. Because Powell's term is nearing its end, he has no intention of cutting rates excessively or frequently. Until recently, the US economic situation had only just begun to decline, and he failed to shoulder the responsibility of taking bold economic action. Could he have done a better job? Perhaps, but who am I to say that? What is certain, however, is that the geopolitical and economic maneuvering Trump has initiated creates the conditions for further rate cuts to make his policies more powerful, not only to demonstrate to voters how the market is performing, but also to demonstrate to them how the market is performing. So, is Powell's negative reputation simply because he delayed rate cuts? Clearly not; Powell's delay could also be a way of contradicting Trump's policies, which he himself views negatively. Furthermore, if Powell remains on the Fed Board, he will hold decisive influence in the future, and Trump's smear campaign is precisely aimed at damaging his reputation and isolating him by removing as many people from the Fed as possible. Remember: Trump wants to dismantle the Fed and render it powerless. That is his goal.

$ETH is showing us an initial reaction to a retest of the structure. We could now see prices recover to the FVG area and then return to the 50% weekly order book. This will only happen if the overall market continues to decline. If the #altcoin market cap rises, we'll see #ALT prices rise and FVG on #Ethereum will be broken, pushing prices to new highs. We'll just have to see how far the market wants to fall 👀

$DOGE Liquidation Heatmap As you can see, most of the liquidity is out of our reach. There are two liquidity pools: - ~$0.29 - ~$0.31 The prices in these two pools are very close, which makes me think the price may reach both pools' prices on the same day. This could also mean one thing... #altcoinseason? 👀 #altcoin #DOGE #altcoinseason is coming

$DOGE just needs to hit its daily FVG today. Now it's time to see how it reacts. I might check the liquidation heatmap midway... 👀 #altcoin #altcoin #DOGE

$ETH has reached and broken through this flow area. Having reached this area, we begin attacking the bottom of the weekly order book, which may be our first resistance level. If this resistance level fails, the second resistance level will be 50%. #Ethereum #ETH

Is #MetaMask ready to launch a token? Looks like it. This picture is taken directly from their X. They haven't said anything, leaving everyone to speculate. Many people in the comments section are excited and eager to speculate about this new token. I'm one of the first, as I've used MetaMask for years, but I don't think it will ever happen. I think this is a marketing ploy to get back in the spotlight and test how many people will be positive about their token launch. MetaMask recently announced that they would never issue a governance token, which is one of the reasons I think this picture is just a meme. Personally, I think the launch of a wallet token is as important as speculating and making money, but beyond that, it's useless.