#BTC☀️
《Market Turning Point——Unemployment Benefit Data Coming》
The market fluctuated downward, causing the market that had just improved to stagnate again. Ether continued to weaken and went downhill. These are temporary performances. The overall market is still firmly bullish.
The previous value of the number of initial jobless claims in the United States for the week ending December was 22, the market expected 22.4, and the announced value was 21.9, which was slightly bearish.
Since the Federal Reserve cut interest rates this month, the market's expectations for the number of interest rate cuts have been reduced, resulting in a decline on the day of the interest rate cut. The real factor that determines whether to continue to cut interest rates is the impact of these data.
Christmas and New Year's Day, capital flight has ended, and Grayscale is increasing its positions. The closure of the U.S. stock market in the past two days has resulted in no excessive capital inflows. When Trump takes office next month and releases positive news, everything will come back. Just wait patiently.
