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🚀|| Bitcoin Eyes $118K Breakout – Market Treats US Government Shutdown as “Non-Event”
✦ Key Highlights:
📈 BTC Nears $118,000: Highest level since mid-August, driven by weak US labor market data.
💼 Jobs Report Miss: Private-sector jobs turned negative, fueling expectations of Fed rate cuts.
📊 Trader Sentiment: Analysts see dips as “buy opportunities,” with $112K marked as key short-term support.
🔑 Resistance Watch: Clearing September highs could unlock further upside momentum.
🏦 Macro View: Shutdown seen as a “non-event” — history shows equities (and BTC) rallied during past shutdowns.
💰 Fed Watch: CME data shows strong market bets on a 0.25% rate cut in October.
🪙 Risk Assets Rally: S&P 500 and Nasdaq open higher, gold consolidates after new ATH.
$BTC $ETH
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