$Bitcoin$ Ether $next market interpretation, market information summary and its impact


There are three key factors that make us cautious about Bitcoin.
Firstly, the hawkish policy stance of the Federal Reserve is likely to lead institutional buyers to significantly reduce their purchasing of Bitcoin ETFs.
Secondly, global liquidity is showing a declining trend, especially the liquidity denominated in US dollars, which suggests that Bitcoin may enter a period of consolidation, as the weakness of foreign currencies will bring more pressure to it.
Thirdly, the situation of technical indicators has also increased 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 Bitcoin pullback. However, sometimes more caution is needed, 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 downside risks of Bitcoin. From a strategic perspective, the Consumer Price Index to be released next week may lead to a slight increase in Bitcoin before Trump takes office. However, Bitcoin 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 Bitcoin prices
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.
In an interview, Golsby said that this is a strong report, which makes me more confident that the job market is stabilizing at the level of full employment. As long as inflation data remains stable, interest rates will still be cut this year.
The market is currently in a panic of 'good news is bad news', and this statement can definitely be rated as 'the most frightening statement to the market this week'.
In the end, all three major US stock indexes closed with a drop of more than 1.5%.
So, all the gains this weekend are just a lure for longs!
The trend of $Big Pancake$ may be about to turn around:
The pancake may have retraced to a key node. The 90000-92000 range is a strong support level for the previous five declines, with clear market consensus and a large amount of bottom-fishing funds entering, indicating a possible strong rebound.
Expected rebound:
The Dabing fell from the high point of 100000, and based on past trends, there is a chance it will rebound to around 98000.
Key Support Level:
90000 is an important support level for the big cake, and breaking below it may trigger a waterfall-like plunge. However, the direct possibility of breaking through in the short term is relatively small, and there is a high probability of rebounding first. However, if subsequent US data is all beneficial, the market will face a severe test, but the Federal Reserve may intervene.
#ETH #BTC #ACT #TRUMP #xrp
BTC0,88%
ETH0,62%
ACT-9,65%
TRUMP0,1%
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