Tonight at 20:30 (UTC+8), the US will release initial jobless claims data for the week ending March 7. This employment data will directly impact crypto market sentiment: • If data comes in stronger than expected (fewer applicants): It will reinforce expectations of US economic resilience, increasing the likelihood of the Federal Reserve maintaining higher rates. The US dollar is likely to strengthen, and BTC faces short-term downward pressure. • If data comes in weaker than expected (more applicants): It will intensify concerns about economic slowdown. The market will front-run Fed rate cut ex
BTC's overall trend is still bearish. Since there are too many shorts, we can't rule out it testing the 72000 resistance level. Everyone needs to pay attention. BTC has been oscillating back and forth recently, confusing many people. To be honest, it's been difficult to trade both long and short sides lately, going up one moment and down the next. Actually, looking at BTC from a short-term perspective, we're seeing an oscillation with a range of 60000-72000. From a long-term perspective, it should still decline. 60000 is not the final bottom, but it won't happen that quickly—there will be an a