$BTC is approaching the 90,000 mark again, and this week's U.S. unemployment claims data is crucial!
If the number of people applying for unemployment benefits is higher than expected, it could serve as a catalyst to push prices upward.
The market has been consolidating for nearly a month, accumulating energy; this calm often signifies that a major move is on the horizon.
Liquidity is usually weak during holidays, and large funds can easily take advantage of this to create short-term volatility, which needs to be monitored.
My judgment is that after the key data is released, the direction will become clear, and the state of prolonged consolidation won't last too long.
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