11.27 Quick overview of currency circle data (short side): [There will be more macro data this week, and the market will be suppressed]
#BTC清算图：下方支撑 $37021, upper pressure $38145
Fear Greed Index: 66 Greed
Copycat Season Index: 45 (measures the relative strength of BTC and copycats, the higher the value, the more enthusiastic the copycats are)
Mainstream Bitcoin miner shutdown price: $22894 (S19Pro+Hydro)
Market evaluation: This week there are U.S. Treasury bond auctions, consumer confidence index, Federal Reserve Board Governor’s speech, GDP data release, PCE core price index, etc. The market will be fully suppressed. Unless the data turns dovish, it will be difficult for the market to continue to rise.
#24小时多空比：48.68%/51.32% Shorts favor long
24-hour liquidation: $103 million long order: short order = 1:2.76 70% long order
There are 148 days left until the Bitcoin halving (estimated on April 23, 2024)
Strong currencies: LUNC, AXS, RLB, TAO, ROSE
Recent large-amount unlocks: SUI (November 29), OP (November 30), GMT (December 1)
key message
Macro news (bearish)
Several Fed officials will give speeches to counter market expectations of interest rate cuts.
First time in three years! U.S. PMI report shows: Employment in manufacturing and service industries both declined
Be careful in the market! Top hedge fund Point72: A slowdown in the U.S. economy at the end of the year may bring turmoil
Currency news
Bitcoin mining difficulty increased by 5.07% to 67.96T, continuing to hit a record high
#USTC暴涨或与Terra Classic Labs’ $500,000 strategic purchase related
Overview of unlocking data this week: 152 million DYDX will be unlocked on December 1, accounting for 84.41% of the circulating supply
Standard Chartered Bank analyst: Bitcoin is expected to reach $50,000 this year and may rise to $120,000 by the end of 24
