Analysis of Initial Unemployment Claims in the United States
The initial unemployment claims did not produce the expected market reaction. Although it fell below 86,000, it quickly rebounded. Currently, it is fluctuating around 86,300. The 1-hour chart shows Bitcoin has been rising since the morning, with a maximum rebound to 87,000. Until the evening, there was a series of three bearish candles, and the bears began to gain momentum. The pressure above remains quite obvious. Today's trend is still very similar to the previous two days, with bears starting to gain volume. As the U.S. stock market is about to open, I still see a high position for a rebound!
Bitcoin: Short around 87,000-86,500, looking down to around 84,000-83,500
Ethereum: Short around 2,380-2,360, looking down to around 2,280
