Here is a look at the most recent unemployment report. First-time jobless claims have risen to 206k, which is slightly higher than both the estimated 205k and the previous figure of 204k. At the same time, continuing claims are now sitting at 1.779M. While this number came in just under the 1.784M forecast, it still remains higher than the prior 1.771 mark. When breaking down the regional shifts, the largest upward trends happened in NY (+4.6k), HI (+0.5k), and CA (+0.4k). Conversely, the most s...
$ETH is barely pulling back and people are already nervous....
Zoom out. ETH ran from $1,549 to $2,566 a move like that wonโt go straight up forever.....
A dip around $2,385โ$2,400 can be normal cooling after a strong rally, not automatically a crash.....
ETH is still up roughly 26โ28% over the past month.
One red candle shouldnโt erase the bigger picture. Watch the key levels and let the market confirm the next move.
Holding the dip or waiting for lower?
Be honest....
The pattern โif August is green, September is redโ could absolutely play out. But right now, itโs only the beginning of the month, and with every Bitcoin move higher, people immediately start finding reversal patterns and saying that this is it โ the strongest rally is about to begin!
Let me remind you: a rally doesnโt start after a token has already pumped $20,000. The rally is already happening! Thatโs the first point.
The second point is that candles are a reaction to events, and we still hav...
The US stock market just got a $500B boost at open. Why? Rate hike odds dropped to 48%.
This is classic risk-on behavior. When the market sniffs out even a slight chance the Fed might pause or ease up, liquidity rushes back in. Equity valuations expand, volatility compresses, and suddenly everyone's a bull again.
But here's the thing: 48% is still a coin flip. The market is pricing in hope, not certainty. If inflation data comes in hot or the Fed signals they're not done, that $500B could evap...
$BTC Quick Update
Bitcoinโs move from 77,200 to 78,600 is positive, but it is still too early to confirm a bullish reversal.
The key level Iโm watching is 79,350. Bitcoin is currently forming a potential W pattern, so the next move could determine the overall direction.
The previous scenario of breaking below 76,000 has failed for now, with Bitcoin recovering toward 79,000.
If we see a clear breakout and consolidation above 79,350, the next targets could be 80,000โ81,000. Such a move could ...