$Bitcoin$ Ethereum next market analysis, summary of market information and generated impacts

Three key factors prompt us to adopt a cautious attitude towards bitcoin.
On the one hand, the Fed's hawkish policy could very likely lead to a significant reduction in institutional investors' Bitcoin ETF purchases.
Secondly, global liquidity is declining, especially dollar liquidity, suggesting that Bitcoin could enter a consolidation period as weakness in foreign currencies will bring more pressure to it.
Thirdly, the situation of technical indicators has also exacerbated our concerns: the weekly reversal indicator is constantly in overbought territory, the appearance of the shooting star formation every month (which is usually a potential signal of market reversal), further highlighting the recent risks of Bitcoin correction. However, it is sometimes necessary to be even more cautious, and the current situation reflects this trend.
After high optimism at the end of September, it is now necessary to focus on managing the downside risks of bitcoin. From a strategic point of view, the consumer price index that will be released next week could lead to a slight increase in bitcoin before Trump's inauguration. However, bitcoin may still face some pressure before the Federal Open Market Committee (FOMC) meeting. The monthly closing price will be a key element to watch.
Market information that influences the price of bitcoin
On Friday evening, the US stock market and US bonds experienced massive sell-offs, and the Fed did not abandon the market. One hour after the release of non-farm payroll data, the 'Fed rescue specialist' and Chicago Fed President Charles Evans urgently appeared on CNBC's screen.
Goolsbee stated in an interview that this was a solid report, which further reassures me, the labor market is stabilizing at full employment levels. As long as the inflation data remains stable, there will still be a rate cut this year.
The market is currently in a situation of "les bonnes nouvelles sont de mauvaises nouvelles", this phrase can certainly be classified as "the scariest phrase for the market this week".
The three major American stock indexes all closed down more than 1.5%.
So, all the increases this weekend are false!
The movement of $大饼$ could take a turn:
Maybe the cake has returned to a key point. Near 90000-92000, it is a strong support for the previous five declines, with a clear consensus in the market and a massive inflow of buying funds, indicating that a strong rebound could occur.
Rebound forecast:
The price of Bitcoin has dropped since 100000, referring to its past trends, it has the possibility to rise to around 98000.
Key support level:
90000 is an important support level for the big cake, breaking through may trigger a waterfall-like plunge, but the possibility of directly breaking through in the short term is relatively small, and there is a high probability of rebounding first. However, if the subsequent US data are fully utilized, the market will face a severe test, but the Fed may intervene.
#ETH #BTC #ACT #TRUMP #xrp