BTC fluctuates at a high level, and the market is in a fierce battle between long and short positions! Who will have the last laugh?
Don't guess the rise and fall. BTC rushed in the short term and then fell. Now it is fluctuating at a high level. Will it continue to climb or dive next? The signal is already very clear. Let's not hesitate. Come and have a look!
1. Bitcoin has been rising hard this week and almost touched the $100,000 mark, but it fell back again. The current market situation is really worrying. It is not easy to fall, and it is also difficult to rise!
2. From a technical perspective, the MACD indicator on the 4-hour chart gave a "cross", which seems to say that the short-term price is about to reach the top, but the strength of the callback has to be seen. It is estimated that it will fluctuate back and forth today. We have to keep an eye on the key price of $88,500 and the short-term support level of $86,800!
3. Let's talk about the US stock market. The three major stock indexes were all green on Thursday. Powell, the head of the Federal Reserve, said that there is no rush to cut interest rates now, and hinted that there may be no cuts in December.
According to the data, the number of people applying for unemployment benefits in the United States has dropped to the lowest level since May, and producer prices have risen rapidly in October. It seems that the inflation problem that the Federal Reserve is worried about is a bit uncertain again.
