On Friday, all three major U.S. stock indexes closed higher, setting new historical highs. The Nasdaq rose by 1.15%, with a cumulative increase of 2.31% for the week; the Dow Jones increased by 1.01%, with a cumulative rise of 2.2% for the week; the S&P 500 index rose by 0.79%, with a cumulative increase of 1.92% for the week. Most large tech stocks saw gains, with NVIDIA and Google rising over 2%, and Amazon and Apple rising over 1%. Microsoft, Intel, and Meta saw slight increases; as the government shutdown has entered its fourth week, it may not be possible to release inflation data next month, which would be the first time in over seventy years. The Trump administration stated that the Bureau of Labor Statistics would be unable to complete the inflation report because investigators could not go out to collect data. Previously, the inflation data for September was delayed by nine days due to the shutdown. Analysts point out that the absence of inflation data will create greater uncertainty for the Fed in adjusting interest rates and assessing price trends.

Bitcoin exhibited a fluctuating upward trend yesterday, with a clear market rhythm. During the early session, the price started the oscillating upward mode from a low of 109267 dollars, showing stable performance. Subsequently, the release of the US CPI data provided favorable signals, boosting market sentiment, and Bitcoin surged to an intraday high of 112130 dollars. However, the high point did not achieve an effective breakthrough, and the bulls could not maintain their momentum at the high level, leading to a price drop during the late session. In the process of falling back, Bitcoin reached a low of 109600 dollars, where effective support formed, allowing the price to rebound again. Currently, Bitcoin is oscillating around 110800 dollars. From the market trend, trading activity usually declines during the weekend, and the range of fluctuations is likely to narrow further, with the overall market expected to continue its current oscillating structure. For subsequent operations, attention should be paid to the breakthrough of key levels. The upper side needs to closely monitor the performance of breaking through the upper edge of the 4-hour channel at 112500 dollars. If this position breaks with volume, it may open up new upward space; on the downside, attention should be paid to the support at 109200 dollars, which is yesterday's early low and an important support level in the recent oscillating range. Before the range is broken, trading can center around this range for high selling and low buying.

Ethereum also exhibited a fluctuating structure linked to the overall market yesterday. In the morning session, Ethereum started from a low of 3815 USD, moving upward in line with the overall market rhythm, reaching a maximum of 3980 USD during the midday session. After reaching this level, the price entered a horizontal consolidation phase, with both bulls and bears engaging in a brief contest in this area. In the evening session, influenced by market news, Ethereum experienced a rapid spike, peaking at 4026 USD, but was quickly pressured back down, failing to maintain the gains. In the early morning hours, the price dropped to around 3860 USD, where it found support and began to rebound. Currently, Ethereum is fluctuating around 3920 USD, showing characteristics of repeated tug-of-war within the range. From a technical perspective, Ethereum is still operating within a 4-hour channel, with the price oscillating around the 4-hour midline, which has become the core area of short-term contention between bulls and bears. Considering the characteristics of the weekend market, this range-bound fluctuation pattern is likely to continue. For the subsequent trend, the key remains the breakout situation of the 4-hour channel; whether it breaks above the upper edge or below the lower edge will signal a major structural trend reversal for Ethereum. Before that, investors need to be patient and wait for a clear breakout signal before acting in accordance with the trend.