This week, the BTC market experienced an upward trend at the beginning of the week, then began to enter a state of oscillation, especially in the latter half of the week when the Thanksgiving holiday made the Trading Volume extremely low. As a result, the CME suddenly "pulled the plug" on Friday, causing chaos in the gold and silver markets—after the futures resumed quoting, both commodities surged wildly, with BTC rising nearly $8,000 to return above $91,000. This "big pump caused by the glitch" is truly unprecedented.

This week's data and news are mixed: the U.S. September PPI and retail sales data were disappointing, and private sector employment data was also weak, adding some justification for the Federal Reserve to cut interest rates; the Bank of Japan is in internal turmoil, with Tokyo inflation exceeding expectations pushing the probability of a rate hike in December to 56%, resulting in a sell-off of the yen, but the intensity is not as fierce.
Next week, the Federal Reserve will enter the "quiet period" before the December meeting, and the dovish hawks will stop speaking. However, a bunch of economic data is set to be released, and the big traders returning from the long holiday will re-enter the market. The already disrupted market is highly likely to experience a wave of "revenge volatility"!