During the Three Kingdoms period, Liu Bei was able to stand shoulder to shoulder with Wu and Wei thanks to Zhuge Liang. I am not talented, and although I am not even a fraction as good as Mr. Zhuge, I am still a leader in this field and can strategize to remain undefeated.
Bitcoin faced resistance and retreated after an upward movement in the morning. The 4-hour level shows a continuous bullish trend, stabilizing above the middle band of the Bollinger Bands, with all three bands moving upward. The middle band support is effective, and the bullish sentiment continues. For operations, focus primarily on low long positions.
Bitcoin gradually increased from around 89200 in the early morning, and after reaching 93500, the price retraced for consolidation. The middle band of the Bollinger Bands at the 4-hour level has formed effective support, and bearish momentum is shrinking. It is recommended to focus on low long positions.
Bitcoin: 91000-91500 long, looking at 93000-94000.
White plate flat for a day Intense battle between long and short in the evening! The market doesn't sleep, I don't sleep Tonight I'll help you grab some points
The number of initial unemployment claims in the United States unexpectedly surged, marking the largest weekly increase in recent times.
Last week, initial unemployment claims rebounded significantly after Thanksgiving, increasing by 44,000 to 236,000, the largest increase since the outbreak of the pandemic in March 2020. The previous week's data was at a low not seen in over three years, indicating significant fluctuations in the job market as the year comes to a close.
Recently, several companies, including Pepsi and HP, have announced layoffs, with the number of layoffs nationwide in October being the highest since the beginning of 2023. The uncertainty in the labor market is affecting consumer confidence, with most respondents expecting the unemployment rate to rise in the coming year.
Bitcoin is mainly consolidating in a sideways pattern. The 4-hour level is still in low volatility, with short-term resistance seen at 93000 and support around the lower boundary of 89000. Currently, there are signs of stabilization at low levels, and it is advisable to focus on low buying operations.
The Federal Reserve cut interest rates by 25 basis points, below market expectations. This month, it initiated a $40 billion purchase of U.S. Treasuries to expand the balance sheet, leading to a short-term rebound in cryptocurrency prices due to unexpected liquidity injection, but Powell emphasized that interest rates remain high and there is no preset path for policy, causing a decline in cryptocurrency prices.
In the 4-hour chart, there are more bullish candles than bearish ones, and there is certain support at the lower bound. The decline is due to digestion of news rather than a trend reversal. It is recommended to focus on buying low.
Bitcoin: 89300-89800 long, looking at 91000-92000.
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Bitcoin rebounds and consolidates at a high level. The mid-band of the Bollinger Bands on the 4-hour level has become a key support. Bullish momentum remains strong, and the upward structure is intact. Although there is a short-term demand for a pullback, no signs of weakness are apparent. The operational strategy should still maintain a low-buy approach.
Trump publicly questioned the legitimacy of the appointments of Federal Reserve Governor Lisa Cook and other officials appointed by Biden during a rally in Pennsylvania, suggesting that if they were signed by an automatic signature machine, he might seek to have them revoked. Although such actions face multiple legal and procedural obstacles in practice, and there is a historical precedent of the White House using automatic signature machines, these remarks are still seen as his latest intention to influence Federal Reserve personnel and policies.
In his speech, Trump called for fellow officials to investigate this matter and reiterated plans to adjust the Federal Reserve leadership after the current Chairman Powell's term ends, while also considering potential candidates including former National Economic Council Director Kevin Hassett. Recently, Trump has repeatedly expressed dissatisfaction with interest rate policies and attempted to challenge Cook's qualifications through removal procedures, with related legal disputes expected to be heard by the Supreme Court early next year.
The Bitcoin trend is positive. After a rise on the 4-hour chart, it is slowly correcting, which is a normal technical adjustment. The Bollinger Bands are opening, and the price is running along the upper band, still having room above with no obvious resistance. It is recommended to primarily focus on low long positions.
Bitcoin: 915000-92000 long, looking at 93000-94000.
Trump Accepts Exclusive Interview: May Adjust Tariffs on Some Goods, Calls Interest Rate Cuts Key Factor in Selecting Federal Reserve Chairman
U.S. President Trump stated in an interview on the 8th that he may further expand the scope of tariff exemptions on certain goods and said that in the future, differentiated tariff adjustments will be applied to different products. He also pointed out that the current return of the automotive manufacturing industry to the U.S. is related to the current tariff policy. Regarding the selection of the Federal Reserve Chairman, Trump agreed that 'immediate interest rate cuts' are an important selection criterion, but did not disclose whether he has discussed this with potential candidates.
Bitcoin broke through 92000 last night and retraced. The 4-hour trend has remained active above the middle track. Although it may retest, the strength might be limited. Today, attention is on whether it can break through the key level of 93000. A breakthrough would strengthen the bullish trend, while resistance would prolong the tug-of-war between bulls and bears. It is recommended to focus on buying on the retracement.
Bitcoin has been rising steadily after a pullback, with strong bullish momentum on the 4-hour level, gradually increasing along the upward channel. The trend is strongly sustained, with bulls dominating the market. It is recommended to patiently wait for the price to pull back to the support area, and after stabilizing, consider positioning for long orders.
Bitcoin made a strong attack in the early morning, with an increase of over 4000 points, breaking through the 90000 mark. In the 4-hour timeframe, the price broke through the middle band of the Bollinger Bands and surged towards the upper band. Although there was resistance and a pullback near 91700, the overall upward trend remains unchanged. It is recommended to focus on buying on dips.
Bitcoin: 90000-90500 buy, looking at around 92000.