BTC Ethereum next market interpretation, market information summary and its impact


There are three key factors that make us cautious about BTC.
First, the hawkish policy inclination of the Federal Reserve is likely to lead institutional buyers to significantly reduce their purchases of BTCETF.
Secondly, global liquidity is showing a downward trend, especially the liquidity decline denominated in US dollars, which suggests that BTC may enter a period of consolidation, as the weakness of foreign currencies will bring more pressure on it.
Thirdly, the situation in terms of technical indicators has also deepened our concerns: the weekly reversal indicator has been consistently in overbought territory, the appearance of monthly shooting star patterns (which is usually a signal of a potential market top) further highlights the risk of a recent BTC pullback. However, sometimes it is necessary to be more cautious, and the current situation reflects this trend.
After a highly optimistic outlook at the end of September, it is now important to focus on and manage the downward risk of BTC. From a strategic perspective, the upcoming release of the Consumer Price Index next week may trigger a slight increase in BTC before Trump takes office. However, BTC may still face some pressure before the Federal Open Market Committee (FOMC) meeting. The monthly closing price will be a key factor to focus on.
Market information that affects the BTC market
The U.S. stock market and U.S. Treasuries suffered a sell-off on Friday night, and the Federal Reserve did not come to the rescue. An hour after the release of the non-farm payrolls data, Chicago Fed President Goolsbee, the "Fed rescue professional", appeared urgently on the CNBC screen.
Goolsbee said in an interview that this is a strong report, which makes me more confident that the job market is stabilizing at full employment levels. As long as the inflation data remains stable, there will still be a rate cut this year.
The market is in a panic of 'good news is bad news', and this sentence can definitely be rated as 'the most feared sentence by the market' this week.
In the end, all three major US stock indexes closed with a drop of more than 1.5%.
BTC1,56%
ETH4,08%
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