On August 27, according to the 4E observation, the US Conference Board's consumer confidence index fell to 97.4, lower than the previous month's level. The current situation index fell to the lowest since April, and the expectation indicator for the next six months fell in tandem. The labor market signal was weak, and the proportion of "hard to find jobs" rose to the highest level since 2021, reflecting the economic worries caused by tariff policy and the cooling of the labor market are intensifying.
On the macro front, Trump's ouster of Federal Reserve Governor Cook has raised concerns about the independence of the Federal Reserve. Brainard, director of the White House Economic Council, warned that the move could push up inflation and long-term interest rates. Commerzbank also pointed out that the dollar's rebound is limited, and Powell is difficult to choose between monetary and political requirements.
The crypto market focuses on the key price of Bitcoin. On-chain analyst Murphy said that $108,800 is the cost basis for short-term holders, which is the emotional dividing line between bulls and bears. If it falls below, the group may change from floating profit to floating loss, and the mood may turn to panic, and the market will be under short-term pressure. CryptoQuant analyst Axel Adler Jr added that the current strong support of Bitcoin is in the range of 100,000 - 107,000 dollars. If it falls, the next support is 92,000 - 93,000 dollars.
Overall, the US macro uncertainty and policy risks have been superimposed, market volatility has intensified, and the key technical support level of BTC has become the focus of long-short competition.
4E reminds investors that consumer confidence and employment data are weak, superimposed on the Fed's politicization risk, or continue to amplify market volatility. Investors are advised to pay attention to the performance of the BTC support area and adjust their positions flexibly in combination with macro signals.
4E: US consumer confidence falls, employment concerns rise; BTC's key support area becomes the focus
2025-08-27 09:05:25
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