$BTC
The weekly line is about to close
Currently forming an M double top structure, which is also a signal for a short-term peak
Rising to a high position wanting to break through, but ended up not going up, and now it is falling back to the same position
Now the price is starting to fluctuate back and forth, going up and down for a while, currently without any clear direction. If you want to make a small short trade, you can pay attention, updates daily～
Key points to watch next week
• Wednesday night at 8:30 PM, the United States will announce the number of new unemployment claims for the week.
An increase indicates that jobs are hard to find, and the economy is under pressure; a decrease indicates that the employment situation is improving.
• Thursday at 2:00 AM, the United States will announce whether to adjust interest rates.
The last interest rate cap was 4.50%. Everyone thinks it is unlikely to change this time.
If it does not change, it indicates that the current interest rate is suitable for controlling prices and stimulating the economy; if it is adjusted, there will be significant fluctuations in global stock markets and exchange rates. A report will also be issued, revealing the U.S. outlook on future economy, prices, and employment.
• Thursday at 2:30 AM, Powell will hold a press conference to explain why the decision on interest rates was made and clarify the future policy direction; when he speaks, the market moves accordingly.
Stay tuned, daily sharing from Hashini
Have a great weekend, everyone