CoinVoice has recently learned that according to 4E observations, the American Chamber of Commerce Consumer Confidence Index has fallen to 97.4, below last month's level. The current conditions index has dropped to its lowest point since April, with expectations for the next six months also declining. Employment market signals are weak, with the proportion of 'hard to find work' rising to its highest point since 2021, reflecting growing economic concerns due to tariff policies and a cooling labor market.
On the macro front, Trump's dismissal of Federal Reserve Governor Cook has raised concerns about the independence of the Federal Reserve. White House Economic Council Director Brainard warned that this move could push inflation and long-term interest rates higher. Deutsche Bank also noted that the dollar has limited rebound potential, and Powell finds it difficult to balance monetary and political demands.
The crypto market is focusing on Bitcoin's key price levels. On-chain analyst Murphy stated that $108,800 is the cost basis for short-term holders and serves as a psychological dividing line between bulls and bears. If it falls below this level, this group may shift from unrealized gains to unrealized losses, leading to panic and putting short-term pressure on the market.
CryptoQuant analyst Axel Adler Jr added that Bitcoin's current strong support level is in the range of $100,000 to $107,000. If this level is broken, the next support will be at $92,000 to $93,000.
Overall, the combination of macro uncertainty and policy risks in the U.S. is increasing market volatility, making the key support levels in BTC a focal point for bulls and bears.
4E reminds investors: Weak consumer confidence and employment data, combined with the politicization risk of the Federal Reserve, may continue to amplify market volatility. Investors are advised to pay attention to the performance of the BTC support zone and flexibly adjust positions in conjunction with macro signals. [Original link]
