Asia Morning Briefing: Bitcoin Rebounds as Polymarket Traders Bet U.S. Shutdown Will End Within Days

💡 DMK Insight

The bipartisan funding deal in the Senate is a game changer for crypto and risk assets right now. With expectations of a government reopening before Veterans Day, traders are likely to see increased liquidity and risk appetite. This could lead to a bullish trend in crypto markets, especially for assets that thrive on speculative trading. Watch for key resistance levels in Bitcoin and Ethereum, as a sustained break above recent highs could signal a broader rally. But here’s the flip side: if the deal falls apart or if any political drama resurfaces, we could see a sharp correction. Traders should keep an eye on sentiment indicators and volume spikes, which can provide clues about market strength. The immediate focus should be on how these developments affect correlated assets like equities, as a strong correlation could amplify moves across the board.