Bitcoin is pumping hard, but I’ve got to be honest — I’m a bit concerned.
Yes, Bitcoin has broken through a major level of resistance, but at the same time, the U.S. government is officially in shutdown.
This event is far from insignificant — it’s affecting hundreds of thousands of workers, and more importantly, many of the regulatory agencies that oversee financial markets and cryptocurrencies have stopped operating.
Roughly 750,000 U.S. government employees are being furloughed, meaning they’re not getting paid. This sudden loss of income could translate into an additional wave of economic slowdown across the country.
So while the Bitcoin rally looks strong right now, there’s a real risk that it could be short-lived if this shutdown drags on much longer.
History Repeats Itself?
Interestingly, the last time the U.S. government went into shutdown was back in 2018, during the Trump administration.
It almost feels like history repeating itself — a government shutdown just as Bitcoin begins to heat up again.
And while we’ve got that happening, there’s some surprisingly bullish news circulating in the market:
the Solana ETF currently faces a 100% approval probability — but there’s a catch.
The regulatory body that needs to approve it is shut down too. That means potential delays, even though Solana has continued pumping despite the uncertainty.
So the big question for traders:
👉 Is it worth going long right now?
Or should we wait for a short entry when that inevitable delay hits again?
We’ll break it all down — including Bitcoin, Ethereum, and Solana entry and exit zones — right here in this analysis.
Bitcoin Technical Outlook
Bitcoin’s breakout looks impressive on the surface, but there’s a key danger zone below.
Right now, BTC is hovering around $117K, but if we drop back to $114K, a CME gap still sits open down near $110K — acting like a magnet for price.
On the liquidation heat map, there’s heavy liquidity around $112K, meaning if Bitcoin dips into that zone, we could see a cascade of liquidations and a short-term sell-off.
Now, before anyone panics — this doesn’t break the bull market.
It would just be a correction inside an uptrend, which is completely healthy.
Zooming out, Bitcoin recently retested its previous high of $108K and bounced back up.
However, price action is still sideways, stuck in a 10% range between $109K and $123K — what traders call “no man’s land.”
In this zone, anything can happen. Until Bitcoin breaks above $123K or below $109K, the market will likely chop sideways.
A clean break below $112K could trigger that CME gap fill at $110K — but again, even that would likely just reset the bullish structure, not end it.
Short-Term Targets
On lower timeframes, like the 15-minute chart, we can spot a potential retrace zone around $116K — a classic retest of resistance turned support.
If Bitcoin bounces there, it could form the next leg higher.
But if that level fails, expect a deeper drop to the CME gap region.
Solana: In “No Man’s Land” Too
Solana is currently trading around $224, which also sits right in the middle of its no man’s land range between $217 and $233.
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A break above $233 would be insanely bullish — opening targets at $300 and beyond.
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A break below $217, though, could send price back toward $200.
Personally, I remain spot bullish on Solana.
I’m not opening a leveraged position right now, but I am stacking spot SOL on every dip.
Because once that Solana ETF gets approved — and it will eventually — we could see Solana surge toward $1,000, marking the real start of the altcoin bull market.
Altcoin Season Doubts
In other news, a BitGet executive stated that there’s “no logical reason for an altcoin season this cycle.”
That’s a bold take — especially since BitGet recently delisted 500 projects, removing many speculative coins from its platform.
It’s clear most exchanges make far more profit from Bitcoin volume than from smaller altcoins — so take that statement with a grain of salt.
Signs of a Bubble Forming?
Then we’ve got some eye-catching (and slightly worrying) developments, like Injective’s free IPO derivatives — allowing traders to speculate on the value of private companies like OpenAI, which have no stock or tangible valuation.
That’s the very definition of synthetic value — and it’s the kind of bubbly innovation that tends to appear near market tops.
Still, if this trend takes off, it could be insanely bullish for Injective (INJ) and the broader DeFi derivatives sector.
Abu Dhabi Crackdown
In a more surprising story, Abu Dhabi’s agricultural regulator has banned crypto mining on farmland — raising eyebrows across the industry.
What exactly are they “farming” out there? Apparently not Bitcoin anymore.
Final Thoughts
Fast-forward a few hours — I’ve just returned from a Gate.io event in Singapore, and honestly, I’m feeling mixed emotions.
I’m spot bullish, absolutely.
Buying the dip with spot positions feels smart right now.
But when it comes to leverage longs, I’m cautious — because in this uncertain macro environment with the U.S. government shut down, one wrong headline could flip this market fast.
So stay smart, stay hedged, and keep your eyes on those key levels:
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$123K breakout = bullish continuation
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$112K breakdown = possible correction
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Solana above $233 = moon mode
Let me know in the comments — are you bullish or bearish?
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See you in the next one — stay safe, stay rational, and keep stacking sats.
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