Every weekend I worry about some unexpected events. Although there were no obvious negative signals today, BTC's price still fell below $89,000. I'm not sure if it's due to concerns about Japan's interest rate hike starting next week. Besides Japan's rate hike, next week also features US non-farm payrolls and inflation data, which could all trigger market fluctuations. However, the key factor to watch is the market trend after the US stock market opens tomorrow. After all, cryptocurrencies don't have their own narrative and are still highly synchronized with tech stocks.
As long as weekend prices are not too exaggerated, I don't really mind. After all, weekends tend to have the lowest liquidity. Currently, the market focus has shifted back to data, especially non-farm payrolls, which will be even more important. That's what we need to pay attention to next week. Japan's rate hike has already been confirmed, and the market should have had enough anticipation.
Looking at Bitcoin's data, although the price has dropped, the turnover rate hasn't increased—in fact, it's slightly decreased compared to Saturday. This suggests it's not investor panic or whale manipulation, but rather a lack of buying power caused by low liquidity. We’ll see if this is corrected after the US stock market opens.
Because the turnover rate isn't high, there are no major issues with chip distribution, and investors haven't shown signs of panic selling. Sentiment remains normal, especially since investors at high positions are still very calm even with losses.
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Every weekend I worry about some unexpected events. Although there were no obvious negative signals today, BTC's price still fell below $89,000. I'm not sure if it's due to concerns about Japan's interest rate hike starting next week. Besides Japan's rate hike, next week also features US non-farm payrolls and inflation data, which could all trigger market fluctuations. However, the key factor to watch is the market trend after the US stock market opens tomorrow. After all, cryptocurrencies don't have their own narrative and are still highly synchronized with tech stocks.
As long as weekend prices are not too exaggerated, I don't really mind. After all, weekends tend to have the lowest liquidity. Currently, the market focus has shifted back to data, especially non-farm payrolls, which will be even more important. That's what we need to pay attention to next week. Japan's rate hike has already been confirmed, and the market should have had enough anticipation.
Looking at Bitcoin's data, although the price has dropped, the turnover rate hasn't increased—in fact, it's slightly decreased compared to Saturday. This suggests it's not investor panic or whale manipulation, but rather a lack of buying power caused by low liquidity. We’ll see if this is corrected after the US stock market opens.
Because the turnover rate isn't high, there are no major issues with chip distribution, and investors haven't shown signs of panic selling. Sentiment remains normal, especially since investors at high positions are still very calm even with losses.