ETH breaks through the $4000 mark

[U.S. Government Shutdown Spurs Safe-Haven Demand, Treasury Yields May Continue to Decline] U.S. Treasury yields continue to fall, with the 30-year Treasury yield dropping to a six-month low. As the U.S. government shutdown approaches the second longest in history, concerns in the credit market are intensifying, and trade tensions are escalating, prompting traders to turn to safe-haven assets. Data shows that the cost of options betting on a sharp drop in yields is rising rapidly, and market demand for U.S. Treasuries is driving the overall yield curve downward. Strategists recommend tactically going long on U.S. Treasuries to respond to the current market trend.

[Decrypt: Kadena Organization Shutdown Leads to KDA Token Plunge] The Kadena organization announced its closure, but the blockchain developed by former JP Morgan employees will continue to operate. Following this news, the price of Kadena's native token KDA dropped significantly. Kadena had previously garnered attention for its high-performance blockchain technology, but this shutdown has raised concerns within the community about the project's future uncertainty. (Decrypt)

The current BTC price is at 110473.6, close to the strong resistance level of 111059.5, which is the peak of the highest trading volume chips. The buying power has weakened, and the selling pressure has increased. According to member indicators, the 1-hour K-line has shown a black three soldier pattern, while trading volume has shrunk to 33.15% of the average level, further verifying the downside risk. The momentum of the MACD bar chart has weakened, and although the price is still above the EMA24/52 moving average, the upward momentum is weak. We need to be alert to the possibility of accelerated decline after falling below EMA52. Pay attention to the support of the 110000 integer level. If it falls, test the 109400 low below. Unlock member indicators, get accurate buying and selling point tips, and stay one step ahead of the market! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.

[President Trump Announces Tariffs on China Will Rise to 155%] U.S. President Trump announced that starting November 1, tariffs on Chinese goods will be increased to 155%. This move may further escalate trade tensions between the U.S. and China. (Cointelegraph)

[Trump Says Federal Reserve Chair Powell Is About to Step Down] U.S. President Trump stated that Federal Reserve Chair Powell is about to step down and criticized hardliners within the Federal Reserve, arguing that the current interest rate level is too high.