Gate Research: BTC volatility fluctuates at high levels, and safe-haven demand is diverging.

The crypto market remained volatile this week amid both macroeconomic and sentiment-driven disruptions. Expectations of a Bank of Japan rate hike and uncertainty surrounding Fed policy continued to escalate, with the probability of an 89.2% rate cut in December currently at 89.2%. BTC rebounded to around $93,000 on Wednesday, showing a clear short-term recovery. Technical analysis indicates that support levels remain resilient, and the market is generally in a news-driven range-bound trading phase.