Is Bitcoin stuck? How will the market trend from here?
Usually, the upward trend of Bitcoin mostly follows
[Increase - Consolidation - Break Down Stop Loss - Continue Increase] this pattern, and right now we are in the consolidation phase.
I think if it can dip down a bit before continuing to rise, especially around 70600, that would be more logical.
However, tonight there will be PCE and unemployment claims, and tomorrow there will be employment data, which are variables.
Today's PCE is shown in the picture. The market expects 230,000 initial unemployment claims this week; lower than expectations is positive, higher is negative, and if it is close to expectations, there will be little impact.
Shu Qin will announce this live at 8:30 PM tonight, so everyone can pay attention~