4E: U.S. consumer confidence declines, employment concerns rise; BTC key support zone becomes the focus

According to 4E observations, the Consumer Confidence Index from the Conference Board has dropped to 97.4, lower than last month's level. The present situation index has fallen to its lowest since April, and the expectations index for the next six months has also declined. Signals from the job market are weak, with the proportion of "hard to find jobs" rising to its highest point since 2021, reflecting economic concerns brought about by tariff policies and a cooling labor market.

On the macro front, Trump's dismissal of Federal Reserve Governor Cook has raised concerns about the independence of the Federal Reserve. White House Economic Council Director Brainard warned that this move could push up inflation and long-term interest rates. Deutsche Bank also pointed out that the rebound potential for the dollar is limited, and Powell is struggling to balance monetary and political demands.

The crypto market is focusing on key price levels for Bitcoin. On-chain analyst Murphy stated that $108,800 serves as the cost basis for short-term holders and is the emotional dividing line between bulls and bears. If it falls below this level, this group may shift from unrealized gains to unrealized losses, potentially leading to panic and putting short-term pressure on the market.

CryptoQuant analyst Axel Adler Jr. added that Bitcoin's current strong support level is in the $100,000 to $107,000 range, and if it breaks down, the next support level is between $92,000 and $93,000.

Overall, the combination of macroeconomic uncertainty and policy risks in the U.S. is intensifying market volatility, with key technical support levels for BTC becoming the focal point of contention between bulls and bears.

4E reminds investors: Weak consumer confidence and employment data, combined with the politicization risk of the Federal Reserve, may continue to amplify market volatility. Investors are advised to pay attention to the performance of BTC support zones and flexibly adjust their positions in conjunction with macro signals.