Regarding the recent trend of Bitcoin, I have a few important points to share with you. Whether you are currently short or full, please read carefully:
1. Unexpected growth in US unemployment benefit data
The latest data shows that the number of first-time unemployment claims in the United States rose unexpectedly last week, increasing by 22,000 to 231,000, exceeding the expected 212,000. This data may have a certain impact on market sentiment and deserves our attention.
2. Analysis of the current trend of Bitcoin
Bitcoin has recently shown a high-level sideways trend and a shrinking decline. This is not a simple market weakness, but the main funds are conducting short-selling operations. Those investors who sold out of panic yesterday may now regret it.
3. Market trend forecast
Excluding the interference of external news, we expect Bitcoin to continue to fluctuate upward. For other altcoins that have not yet started or have a small increase, they are also expected to have opportunities to make up for the increase in the future.
4. Market mentality and strategy
Don't be influenced by those who are blindly bearish or continue to miss the opportunity. At present, these views have been gradually eliminated by the market. Unless these investors choose to chase the rise, there will be no significant correction in the bitcoin market. We advise investors to remain calm, analyze the market rationally, and develop investment strategies that suit them.
In addition, the U.S. stock market also showed an upward trend on Thursday, and the Dow Jones Industrial Average rose for the seventh consecutive trading day. The market is closely watching the latest U.S. stock earnings and the Fed's interest rate cut prospects. The president of the San Francisco Federal Reserve said that if the job market deteriorates, the Fed will consider cutting interest rates. This news may also have a certain impact on the bitcoin market.
The same is true in the cryptocurrency circle. If you are confused and don't know what to do, you can click to follow, click my avatar to find me, all strategy fans have it. Just to increase fans!
