最新报道：According to Bijie.com, on September 29th, the Federal Reserve resumed rate cuts to bolster weak employment, while also warning against overvalued stock markets. The US faces the risk of a government shutdown on October 1st, and Trump will meet with congressional leaders. The expected rate cut is bullish for risky assets, but asset bubbles and political risks amplify short-term volatility, providing both funding support and downside uncertainty for the crypto market. A medium-term rate cut will confirm improved liquidity and support for risky assets. Short-term impacts include concerns about asset bubbles and the political risks of a shutdown, exacerbating vulnerabilities and making the market prone to sharp declines and rebounds. In the crypto market, BTC is facing pressure at 116k; 108k is a key liquidity support level, with 104k representing a secondary bottom. Currently, it has retreated from 112-113k to approximately 110k, with short-term range-bound trading primarily occurring. A breakout requires significant capital inflows to confirm. Bitunix analysts suggest that while dovish policy is bullish in the medium term, Powell's warnings about bubbles and the risk of a government shutdown suggest caution in the short term. Sentiment is torn between the positive impact of interest rate cuts and the risks of political and overvalued valuations. Traders should prioritize liquidity and data. BTC's short-term support lies between 108k and 106k, with secondary support at 104k. Resistance lies between 118k and 116k, with a confirmed breakout targeting 120k. Risk management recommends reducing leverage and entering and exiting the market in phases.