BlockBeats News, April 18th, the U.S. released economic data showing a sharp decline in the Philadelphia Fed Manufacturing Index to -26.4, well below the expected 7.2 and the previous value of 12.5, indicating a significant contraction in manufacturing activity. The New Orders Index also dropped from 8.7 to -34.2, hitting a new low for 2020, reflecting weak demand. However, the initial jobless claims fell to 215,000, better than the expected 219,000, while the continuing jobless claims rose to 1.885 million, slightly higher than the expected 1.821 million. These data reflect the challenges facing the manufacturing sector, while the overall labor market has not shown a clear deterioration yet.
Bitunix Analyst Recommendation:
The weakness in manufacturing data reflects concerns about economic slowdown, which may put pressure on risk assets. However, the stability of the labor market may limit the expansion of this pressure. Investors are advised to monitor the performance of the short-term support level at 83,000 USD for BTC. If this support level holds, it may lay the foundation for a medium to long-term upward trend.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。