🟢😊 Market Analysis — 28-10-06
Crypto markets kicked off the week with unexpected fervor, as a breakthrough in US-China trade negotiations sent ripples through both digital and traditional asset classes. Bitcoin vaulted past $113,000, ETH and SOL sprang higher, and risk sentiment showed new signs of life—while equity futures in the US and Asia followed suit and traders rotated out of gold. This renewed optimism comes as $319 million in Bitcoin shorts were liquidated in 24 hours, a dramatic reversal that has market participants watching for fresh catalysts amid heavy volume and whale accumulation. Notably, Dogecoin escaped its multi-month doldrums, flipping resistance into support and confirming a bullish setup that hints at further upside if momentum holds.
As October draws to a close, investors eye the Federal Reserve's looming rate decision and the upcoming Trump-Xi summit, both of which could set the tone for November. While technicals have shifted bullish for many coins, the backdrop remains delicate—forced selling, recent volatility, and macro uncertainty linger, making this rally feel like a high-wire act. Opportunity glimmers, but risks abound: watch for policy pivots, lingering inflation fears, and geopolitical headlines that could tug sentiment sharply in either direction. In short, traders must navigate with both optimism and caution, as the narrative rapidly unfolds.
- US–China trade progress ignites risk rally across crypto and equities
- Bitcoin liquidates $319M in shorts; whales support prices above $113K
- Dogecoin confirms breakout as risk appetite returns