Bitcoin Climbs to $111K as Whipsaw Action in Crypto Continues

调查显示，香港多数富裕投资者计划在2023年购买加密货币。此外，日本将允许银行持有比特币，进一步推动加密资产的合法化。（Cointelegraph）

特朗普总统赦免币安创始人赵长鹏后，币安相关数字资产价格周四显著上涨。赵长鹏此前因监管问题辞去币安 CEO 职位，此次赦免引发市场对币安未来发展的乐观预期。社区对这一消息反应热烈，但部分分析师提醒投资者关注潜在风险。（Decrypt）

1. Trump pardons Zhao Changpeng, founder of Binance, causing intense market response 2. JPMorgan predicts that the Federal Reserve may stop quantitative tightening next week 3. White House releases report supporting self custody rights for digital assets 4. Reserve requirements of the US banking system drop to a new low for the year 5. Legendary trader earns over $12 million in 11 days, with precise operations sparking discussions 6. Q3 Crypto Industry M&A Transactions Exceed $10 Billion, Rapidly Growing 7. Solana DeFi's lock up volume hits a one-year high, reflecting the acceleration of ecological development 8. Pioneer Group increases its stake in MicroStrategy to 1.7 million shares, with a long-term bullish outlook on cryptocurrency asset layout The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/495406

Currently, BTC is testing the strong support zone of 108005-108253 in a 4-hour cycle, which is the area with the highest trading volume for chips and is dominated by buying. However, the latest K-line has formed a top pattern, suggesting the possibility of a local peak. Combined with the RSI falling below the 50 median line, the upward movement can be weakened, and caution should be exercised against the risk of losing support. Although MACD shows a bar chart growth, EMA24 crosses EMA52 to form a dead cross, indicating a bearish trend in the medium to long term. If the support level falls below or triggers further downward movement. It is recommended to pay attention to the gains and losses of the 108000 line, and if it falls below, it will bottom out at 107400. Indicator recommendation: Member exclusive chip distribution helps you accurately lock in support resistance and seize trading opportunities quickly! The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.

[U.S. Bank Reserves Drop to $2.93 Trillion, Hitting Yearly Low] During the week ending October 22, U.S. banking system reserves decreased by approximately $59 billion, falling to $2.93 trillion, marking the lowest level this year. Following the debt ceiling increase in July, the U.S. Treasury ramped up debt issuance, leading to liquidity outflows from the Federal Reserve's balance sheet, including the overnight reverse repurchase agreement facility and bank reserves. Institutions such as JPMorgan Chase predict that the Federal Reserve may halt the reduction of its approximately $6.6 trillion balance sheet this month.