📊During the weekend, the market continued to oscillate at low levels.

According to BlockBeats, during the week of November 17, the brief optimism brought about by the U.S. government's budget deadline being extended to January 30, 2026, has gradually faded, replaced by global selling pressure triggered by the Federal Reserve's hawkish signals. The volatility in the U.S. stock market's momentum sector has increased, and the cryptocurrency market is facing greater selling pressure against the backdrop of declining risk sentiment, with #BTC falling below the $95,000 level.

Funds are clearly shifting to a defensive stance, with U.S. Treasury yields rising slightly to 4.15%, while the U.S. dollar index has failed to effectively hold above the 100 level. In the cryptocurrency market, the large-scale deleveraging process that began on October 10 is still ongoing, and the chain reaction of liquidations has led to a cumulative liquidation scale exceeding 19 billion USD.

In the coming week, several economic data releases that were previously delayed due to the government shutdown are likely to be announced, including the first non-farm payroll report and factory orders data after the shutdown, which will be key variables affecting the expectations for a rate cut in December. Additionally, several Federal Reserve officials will be making speeches, which may further disturb the market's expectations regarding the interest rate path.