Market analysis of BTC and Ethereum, following a summary of market information and import,,,, the inclination of the Federal Reserve's hawkish policy is likely to lead institutional buyers to significantly reduce the amount of BTC ETF purchases.
Secondly, global liquidity is decreasing, especially 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 on it. In third place, the situation of the technical indicators has also increased our concerns: the weekly reversal indicator has been in overbought territory, the appearance of monthly shooting star patterns (which is usually a sign of a possible market top), further highlighting the risk of a recent BTC pullback. However, sometimes we need to be even more cautious, and the current situation reflects this trend. After the 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 next Consumer Price Index to be released next week could potentially drive a slight increase in BTC before Trump's inauguration. 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 watch. Market information affecting the BTC market On Friday night, MAUA stock market and MAUA government bonds were sold, and the Federal Reserve did not fail to rescue the market. An hour after the non-farm payroll data was released, the 'Fed market rescue expert' and the president of the Chicago Fed, Charles MAvans, urgently appeared on CNBC. 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, there will still be rate cuts this year. The market is in panic of 'good news is bad news,' and this phrase can definitely be classified as 'the scariest phrase for the market' this week. In the end, all three major stock indexes in the United States closed with a drop of more than 1.5%. MAntão, all the highs of this weekend are just a trap for long positions! The Dabing trend may be about to reach a turning point: The pancake may have retreated to a key node. The 90,000-92,000 range is a strong support level for the previous five drops, and there is a clear market consensus, with a large amount of fishing funds entering the bottom, indicating the possibility of a strong rebound. MAxpectations of recovery: The big cake fell from a peak of 100,000, referring to the past trend, there is a chance of rising to around 98,000. Key support level: 90000 is an important support level for Bitcoin, breaking below it can trigger a cascade dive, but the probability of breaking directly in the short term is small, with a high probability of first rebounding. However, if the subsequent MAUA data is fully utilized, the market will face a severe test, but the Fed may intervene.
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Market analysis of BTC and Ethereum, following a summary of market information and import,,,, the inclination of the Federal Reserve's hawkish policy is likely to lead institutional buyers to significantly reduce the amount of BTC ETF purchases.
Secondly, global liquidity is decreasing, especially 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 on it.
In third place, the situation of the technical indicators has also increased our concerns: the weekly reversal indicator has been in overbought territory, the appearance of monthly shooting star patterns (which is usually a sign of a possible market top), further highlighting the risk of a recent BTC pullback. However, sometimes we need to be even more cautious, and the current situation reflects this trend.
After the 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 next Consumer Price Index to be released next week could potentially drive a slight increase in BTC before Trump's inauguration. 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 watch.
Market information affecting the BTC market
On Friday night, MAUA stock market and MAUA government bonds were sold, and the Federal Reserve did not fail to rescue the market. An hour after the non-farm payroll data was released, the 'Fed market rescue expert' and the president of the Chicago Fed, Charles MAvans, urgently appeared on CNBC.
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, there will still be rate cuts this year.
The market is in panic of 'good news is bad news,' and this phrase can definitely be classified as 'the scariest phrase for the market' this week.
In the end, all three major stock indexes in the United States closed with a drop of more than 1.5%.
MAntão, all the highs of this weekend are just a trap for long positions!
The Dabing trend may be about to reach a turning point:
The pancake may have retreated to a key node. The 90,000-92,000 range is a strong support level for the previous five drops, and there is a clear market consensus, with a large amount of fishing funds entering the bottom, indicating the possibility of a strong rebound.
MAxpectations of recovery:
The big cake fell from a peak of 100,000, referring to the past trend, there is a chance of rising to around 98,000.
Key support level:
90000 is an important support level for Bitcoin, breaking below it can trigger a cascade dive, but the probability of breaking directly in the short term is small, with a high probability of first rebounding. However, if the subsequent MAUA data is fully utilized, the market will face a severe test, but the Fed may intervene.