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.@Sidekick_Labs Many trading experts are live streaming, considering whether to just relax and learn, and by the way, start a live stream. First, let me catch up on today's news. Recently, my boss said I work three days and take two days off, and on weekends, I just enjoy myself while my colleagues are grinding.
The market has risen for a month.
This week experienced a significant pullback.
GDP and PCE exceeded expectations, which is bearish.
Non-farm data fell short of expectations, which is positive, but it led to a sharp decline in the US stock market, affecting the cryptocurrency market as well.
Trump continues to stir trouble: imposing tariffs, criticizing old Bao, dispatching nuclear submarines.
This week, the Federal Reserve faces significant variables, with two board members opposing a rate cut and one member resigning.
The resignation of this director is beneficial for Trump to appoint someone of his own earlier.
This way, there are 3 loyalists in the Federal Reserve, and future interest rate cuts will be easy to achieve!
The recent decline is also influenced by the amplification of international conflicts.
In addition to the United States deploying two nuclear submarines near Russia,
Putin announced that the Russian mass-produced "Hazel" missiles have been delivered to the troops and will be deployed in Belarus.
Germany delivered two sets of Patriot systems to Ukraine.
From a technical indicator perspective, the BTC daily RSI, WR, etc. have all dropped to their lowest, indicating minimal risk.
If there are no major negative impacts from U.S. tariffs and international conflicts next week,
Then BTC should be able to rebound and stand above $116,000.
BTC is still bullish in the long run, let's ignore the brief pullbacks in between and look ahead.
For reference only