BTC Ethereum next market analysis, market information summary and its impact
There are three key factors that make us cautious about BTC. First, the Fed's hawkish policy bias is likely to lead institutional buyers to significantly reduce their purchases of BTC ETFs. Secondly, global liquidity is showing a downward trend, especially the decline in liquidity denominated in US dollars, which suggests that BTC 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 exacerbated our concerns: the weekly reversal indicator has been continuously in an overbought state, the appearance of monthly shooting star patterns (which is usually a signal of a potential market top), further highlights the risk of recent BTC pullbacks. However, sometimes we need 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 downside risk of BTC. From a strategic perspective, the upcoming release of the Consumer Price Index next week may potentially drive a slight increase in BTC before Trump's inauguration. However, BTC may still face certain pressures before the Federal Open Market Committee (FOMC) meeting. The monthly closing price will be a key element 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 inflation data remains stable, interest rates will still be cut this year. The market is in a panic of 'good news is bad news', which can definitely be regarded as the most frightening sentence in the market this week. In the end, the three major stock indexes in the United States all closed with a decline of more than 1.5%. So, all the gains this weekend are a bull trap! The trend of Dabing may usher in a turning point: The big cake may have retraced to a key node, around 90000-92000 is a strong support level for the previous five declines, the market consensus is obvious, a large amount of bottom-fishing funds entering the market indicates a strong rebound may occur. Rebound expectations: The big cake fell from a high of 100,000, referring to the past trend, there is a chance to rise to around 98,000. Key support level: 90000 is an important support level for Bitcoin, breaking below it may trigger a waterfall-like plunge, but the probability of directly breaking through in the short term is small, with a high probability of rebounding first. However, if subsequent US data is fully utilized, the market will face a severe test, but the Fed may intervene. #ETH #BTC #ACT #TRUMP #xrp
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BTC Ethereum next market analysis, market information summary and its impact
There are three key factors that make us cautious about BTC.
First, the Fed's hawkish policy bias is likely to lead institutional buyers to significantly reduce their purchases of BTC ETFs.
Secondly, global liquidity is showing a downward trend, especially the decline in liquidity denominated in US dollars, which suggests that BTC 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 exacerbated our concerns: the weekly reversal indicator has been continuously in an overbought state, the appearance of monthly shooting star patterns (which is usually a signal of a potential market top), further highlights the risk of recent BTC pullbacks. However, sometimes we need 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 downside risk of BTC. From a strategic perspective, the upcoming release of the Consumer Price Index next week may potentially drive a slight increase in BTC before Trump's inauguration. However, BTC may still face certain pressures before the Federal Open Market Committee (FOMC) meeting. The monthly closing price will be a key element 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 inflation data remains stable, interest rates will still be cut this year.
The market is in a panic of 'good news is bad news', which can definitely be regarded as the most frightening sentence in the market this week.
In the end, the three major stock indexes in the United States all closed with a decline of more than 1.5%.
So, all the gains this weekend are a bull trap!
The trend of Dabing may usher in a turning point:
The big cake may have retraced to a key node, around 90000-92000 is a strong support level for the previous five declines, the market consensus is obvious, a large amount of bottom-fishing funds entering the market indicates a strong rebound may occur.
Rebound expectations:
The big cake fell from a high of 100,000, referring to the past trend, there is a chance to rise to around 98,000.
Key support level:
90000 is an important support level for Bitcoin, breaking below it may trigger a waterfall-like plunge, but the probability of directly breaking through in the short term is small, with a high probability of rebounding first. However, if subsequent US data is fully utilized, the market will face a severe test, but the Fed may intervene.
#ETH #BTC #ACT #TRUMP #xrp