TRUMP Coin's Big Battle Tonight! Unemployment Data as the Trigger, Captain Takes You to Capture the Profits of the Coin Circle!
From a technical perspective, the 1-hour K-line movement is fluctuating without a clear direction, with both bulls and bears fiercely contesting in the resistance zone of $9 - $9.5 and the support zone around $8.3 - $8.4. The RSI indicator is currently swaying around 46.8, with momentum showing neutrality and no clear trend signal, definitely the calm before the storm.
Everyone needs to keep a close eye; if the price can stabilize in the key support area of $8.3 - $8.4, it might rise; however, if it breaks down, be cautious as the price could slide to lower levels, such as around $7.
News Impact Tonight: A Heavy Bomb is Coming!
The U.S. weekly unemployment claims data will be released tonight, and this thing directly affects the market's nerves! If the data performs poorly, suggesting potential economic issues, the market may bet on the Federal Reserve adopting a loose policy, and risk assets like cryptocurrencies are likely to get a boost. Conversely, if the data performs very well and interest rate hike expectations rise, the coin market may face selling pressure. Additionally, it has been revealed that Truth Social, under the Trump Group, is testing the 'Patriot Plan', which may issue functional tokens in the future, possibly giving TRUMP Coin a wave of Web3 popularity. Furthermore, the Fear and Greed Index has risen to 50, indicating a slight warming of market sentiment, and opportunities may be hidden within.
Captain's Key Points
TRUMP Coin is still a meme coin after all, characterized by high volatility and susceptibility to news, with short-term trends full of uncertainty, while long-term trends will depend on Trump's own movements and the overall trend of the cryptocurrency market. Want to buy the dip? Don't go all in at once; phased investment is a more prudent approach.
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