Stimulated by the temporary positive employment data,#BTConce surged to $71,000.
But compared with the previous two days, the turnover on the chain has decreased a lot.
From the data point of view, the current turnover is somewhat abnormal, and some holders have reduced their holdings from $58,000 to $65,000. The reduction of BTC in these ranges has not appeared for a long time. Although the amount of reduction is not large, it is nearly 15,000 BTC when collected together. This makes people wonder whether it has triggered the risk aversion of institutions, but it is not certain at present, and we need to continue to observe.
Other aspects are not a big problem. The support of $64,000 to $69,000 is still solid, and there has been no large-scale transfer due to the rise in BTC prices. The employment data is relatively marginal, and today's small non-agricultural data may cause greater fluctuations. However, the gap between small non-agricultural data and non-agricultural data in the past year is large, and the Federal Reserve mainly focuses on non-agricultural data. Therefore, even if the small non-agricultural data is good, it does not mean that it can be synchronized with non-agricultural data, after all, the statistical agencies are different.
Earlier investors still maintain a cold-eyed attitude and do not participate too much in the turnover. But based on past experience, if the non-agricultural data can really achieve an unemployment rate of more than 4%, it is not impossible for BTC to reach a new high. In 2024, every time BTC reaches a new high, there will be a large number of market crashes. Whether this tradition will continue this time, we still need to wait and see
