#BTC☀
《Unemployment Data Coming — Beware of Market Reversal》
Bitcoin today during the day is also in line with what was mentioned in the post this morning, showing a fluctuating upward trend, the overall market is recovering, and the bottom of Bitcoin is also rising, with support around 90400 and resistance around 94800.
Ethereum reached the resistance level around 3500 and stopped its upward momentum, with support around 3390, and there is also resistance around 3520 as it has reached this position three times, hoping this time it can break through and stabilize, so that altcoins can have a rebound.
The initial jobless claims in the US for the week ending November 23rd were 21.3, with market expectations at 21.6, and the published value was 21.3, slightly bearish.
Data has been bearish for three consecutive weeks, and the possibility of the Federal Reserve cutting interest rates in December has decreased slightly. Properly managing your position is very important in a bull market.
At 11 o'clock, there will be a PCE price index year-on-year release, which may have some impact on the market after the US stock market opens. Keep an eye on Taco, and we will provide the latest information and market analysis as soon as the data is released.
