$BTC $ETH

Unemployment data shockingly released!

Is a trend reversal in the crypto market imminent?

Bitcoin's fluctuations continue, with a quiet rise in the bottom!

Today's Bitcoin felt like a roller coaster, with repeated spikes but unable to break the deadlock, yet the bottom has quietly risen to around 71500, while the 74000 mark remains a tough resistance to overcome. The market is ever-changing; when will Bitcoin soar?

Unemployment data is bearish for crypto but bullish for the US economy.

The number of initial jobless claims in the US for the week ending October 26 was reported at 21.6, lower than the market expectation of 23 and the previous value of 22.7. This data undoubtedly brings a chill to the crypto market but injects a boost to the US economy.

The PCE price index remains stable, with US Bitcoin ETF net inflow hitting a record high. The US September core PCE price index year-on-year value was in line with market expectations, having limited impact on the market.

However, the net inflow of the US Bitcoin ETF has reached a new high of 893 million USD, with funds continuously pouring in, as if preparing for the next wave of market movement.

The market has reached new heights; will altcoins catch up to the glory of March, or will Bitcoin correct and hit new lows?

Everything is full of uncertainties. At this critical moment, reasonable position control is particularly important. Hold positions during an uptrend and accumulate during a downturn when funds are ample. Grasp the market pulse and move forward steadily.

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