#BTC☀
《Unemployment Benefits Eve — Current Market Analysis》
As night falls, it’s time for intense market speculation. At 9:30 PM tonight, unemployment data will add some uncertainty to today’s game.
The initial jobless claims for the week ending February 22 in the U.S. had a previous value of 21.9, and the market expectation is 22.1. This expectation shows that the market hopes for a steady adjustment of the U.S. economy to meet the Federal Reserve's rate cut expectations.
From the Bitcoin trend perspective, after reaching the resistance near the 87000 mark, it started to pull back. Looking at the 4-hour chart, while a MACD golden cross is about to form, it faces this resistance, and the pattern may be damaged. According to KDJ, the top divergence trend is becoming more apparent, and caution is needed as Bitcoin may again spike downwards.
Ethereum is similar; currently, the trend appears to be oscillating near the 2340 support level. From the pattern perspective, Ethereum performs better than Bitcoin, which is also a reason why the overall altcoin market is showing signs of bottoming out.
Continue to pay attention to Taco. There’s just over an hour left, and friends who have opened positions need to be wary of severe fluctuations caused by significant data deviations. Taco will also post updates with the latest information immediately after the data is released.
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