Panic, panic, acting based on facial expressions. Last week, due to the high opening and rising of the US stock market, Bitcoin continued to rise. This morning, the market remains volatile, with various moving averages hovering near the horizontal line. Currently, the US dollar index is declining, and Bitcoin has broken above the 99 mark.

Youmi suggests maintaining good defense in the short term, watching while walking. Today continues to follow the short-term upward trend seen last week. Pay attention to resistance levels of 1005/3730 and support levels of 975/3600.

News

This Thursday, there will be a memorial for the former president, and the New York Stock Exchange will be closed for one day. During this period, Federal Reserve officials will speak multiple times, and the non-farm payroll report on Friday has yet to be released.

Considering that the US economy remains resilient, this may force the Federal Reserve to adopt a more cautious stance on future interest rate cuts, which is generally favorable for the US dollar.

This week's market still needs to pay attention to the non-farm data. If non-farm data is below expectations, it may increase the likelihood of further interest rate cuts by the Federal Reserve. Conversely, strong labor market data may reinforce the Federal Reserve's cautious stance, thus limiting the possibility of aggressive easing policies. This will strengthen the US dollar.

Current uncertainties have led the market this week to lack clear conclusions. Youmi will closely monitor various data to respond to various challenges and emergencies. #比特币走势观察 #加密市场反弹