Friday Morning Bitcoin 4-Hour Chart Analysis Pullback after three-wave rally, low-buy opportunity has emerged! Guys, let me give you the straight goods! Today we're watching this 4-hour K-line closely and I'll break down the market logic, structure, and opportunities for you! First, the big picture: Standard three-wave up move, trend direction crystal clear. Starting from the low of 62495 in late February, this rally is textbook Elliott Wave structure: Wave 1: Launched from 62495.6, first wave rally completed trend reversal, established bullish foundation Wave 2: Normal correction and shakeout, after retesting, another push higher—classic uptrend continuation Wave 3: Main impulsive wave, high reached 75968.8, completing the main rally leg of this uptrend. Meanwhile, the uptrend line from wave 1's starting point has supported all the way to now—it's the core lifeline of this bullish move. As long as the trend line doesn't break effectively, the big picture remains bullish. Short-term enters correction phase, but MA30 still holds above, mid-term bullish trend hasn't completely deteriorated. Current declines are all normal pullbacks after the rally! After wave 3 topped, pullback correction—bulls gathering strength. Buy on pullback in batches, strict risk management. Markets always go up and down. The pullback after the three-wave rally is our boarding opportunity! Follow your plan, scale in gradually, strict risk management, ride the trend and make profits! Our long from last night got too deep, we exited halfway yesterday. Today's Trading Plan Buy directly near 69 Aggressive traders can light position at 70k level and add on pullback Target 73-74 Break above 76! Support at 68 #Gate13周年全球庆典 $BTC ‌$ETH ‌#美联储维持利率不变

Symbol $BTC Price $70089.90 Market Cap $1.4T Open Interest $48.07B Funding Rate 0.0015% 24h Volume $73.23B 24h Liquidation $146.29M Price Change(1h) 0.0800% Price Change(24h) -1.5300% RSI (1h/4h/1d) 44.32/38.12/48.72 Fear Greed Index 10/100 #Altcoin Season Index 51/100 #crypto

The U.S. Department of Labor just released the initial jobless claims for the week ending March 14: actual value came in at 205,000, significantly lower than the market expectation of 215,000 and also below the previous week's 213,000. This is a notably strong employment data that exceeded expectations, indicating the U.S. labor market has robust resilience with layoff scales far smaller than anticipated. Impact on Cryptocurrencies: ①Reduced Rate-Cut Expectations (Hawkish Signal): Strong employment data suggests the economy doesn't need emergency stimulus, increasing the probability that the Federal Reserve will maintain higher rates or delay rate cuts. Traders will lower the probability of rate cuts in the 3-6 month period, leading to higher U.S. Treasury yields and a stronger U.S. Dollar Index (DXY). ②Pressure on Risk Assets: Bitcoin and other cryptocurrencies are viewed as "high-Beta" risk assets, tending to decline in a "higher rates, longer duration" environment. In historically similar scenarios (initial jobless claims significantly lower than expected), Bitcoin has frequently experienced short-term declines. For example, in recent weeks following better-than-expected employment data releases, BTC has often seen 1-3% pullbacks. ③Current Market Immediate Reaction: Bitcoin's price has already retreated from recent highs today (briefly touched the area near $69,000 intraday), consistent with the typical pattern of "strong employment data → negative for risk assets." The overall crypto market capitalization is simultaneously under pressure, with altcoins typically experiencing larger declines.