Unemployment benefits are a good thing! #BTC will definitely break the resistance level tonight, retail investors just follow me and it's done!

From the news perspective, tonight's unemployment data is favorable, which is undoubtedly a positive signal for the crypto market. Generally, favorable unemployment data indicates that there may be some expectations of economic easing, and funds may be more inclined to flow into risk assets. Assets like cryptocurrencies, which have high volatility, are often favored by funds. So from a macro news perspective, this is a positive factor for BTC, which may attract more funds into the market and drive the price up.

From a technical analysis perspective, let's look at the hourly candlestick chart. Currently, BTC is in a critical range of volatility. The support level is around 112300, which has acted as support multiple times, like a solid defense line for the price. The resistance level is around 124545, which is like a mountain, suppressing further price increases. The current price is between the support and resistance levels, in a phase of choosing a direction.

From the technical indicators, the MACD indicator shows that the DIF line is below the DEA line, and the MACD value is negative, indicating that the current market is in a certain weak state, but we also need to pay attention to the divergence of indicators. At the same time, regarding trading volume, there has been no significant increase in recent trading volume, indicating a strong wait-and-see sentiment in the market.

In my personal view, although the favorable unemployment data brings some positive expectations to the market, it is not easy for BTC to break the resistance level above. On one hand, there is a large amount of trapped positions accumulating near the resistance level, leading to significant selling pressure; on the other hand, the overall market sentiment has not yet been fully ignited, and trading volume has not effectively increased. However, if there are more favorable news reports in the future, or if trading volume can significantly increase, then breaking through the resistance level is not impossible.

For us retail investors, in the current stage, it is essential to remain calm and rational. Do not blindly follow trends to chase highs and sell lows. If the price gains effective support near the support level and shows a signal of increased volume, then it may be appropriate to consider entering with a light position. But if the price encounters resistance near the resistance level and falls below the support level, then timely stop-loss and exit is necessary.

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