#BTC☀

《Unemployment Benefits Before the Deadline — Current Market Analysis》

As night falls, it is once again the time for intense market battles between bulls and bears. Tonight at 9:30 PM, there will be unemployment data released, which will add some uncertainty to today's trading.

The initial claims for unemployment benefits in the week ending February 22nd in the U.S. had a previous value of 21.9, while the market expectation is 22.1. This expectation shows that the market hopes for a steady adjustment in the U.S. economy to meet the Federal Reserve's expectation for interest rate cuts.

From the perspective of Bitcoin's trend, after reaching the resistance near the 87000 mark, it has started to decline. Looking at the 4-hour chart, as the MACD golden cross is about to form, it faces this resistance, and the pattern may be disrupted. From the KDJ perspective, the divergence trend is becoming increasingly evident, and we need to be cautious as Bitcoin may again test the downside.

Ethereum is similar; the current trend shows it oscillating near the support of 2340. From the pattern perspective, Ethereum is performing better than Bitcoin, which is also a reason for the overall altcoin market showing signs of bottoming out.

Continue to pay attention to Taco; there is just over an hour left, and friends who have opened positions need to be alert to the significant volatility caused by data deviations. Taco will also post updates with the latest information as soon as the data is released.


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