4E: US consumer confidence declines, employment concerns intensify; BTC key support area becomes the focus

On August 27, according to 4E Observer, the Conference Board's Consumer Confidence Index fell to 97.4, lower than the previous month's level. The current situation index fell to its lowest level since April, and expectations for the next six months also declined. Weak job market signals, with the proportion of people experiencing "job difficulties" rising to their highest level since 2021, reflect growing economic concerns stemming from tariff policies and a cooling labor market. On the macro front, Trump's dismissal of Federal Reserve Board Governor Tim Cook has raised concerns about the Fed's independence. White House Economic Council Director Lael Brainard warned that the move could push up inflation and long-term interest rates. Commerzbank also noted that the dollar's potential for recovery is limited, with Powell facing a difficult balance between monetary and political demands. The crypto market is focusing on key Bitcoin price levels. On-chain analyst Murphy stated that $108,800 represents the cost basis for short-term holders and serves as the dividing line between bull and bear markets. If this level falls below, this group could shift from profit to loss, and sentiment could turn to panic, putting short-term market pressure. CryptoQuant analyst Axel Adler Jr. added that Bitcoin's current strong support lies in the $100,000-107,000 range. If this fails, the next support level lies at $92,000-93,000. Overall, the combined effects of US macroeconomic uncertainty and policy risks are exacerbating market volatility, making BTC's key technical support levels a focal point for both bulls and bears. 4E advises investors: Weak consumer confidence and employment data, coupled with the risk of the Federal Reserve becoming politicized, could further amplify market volatility. Investors are advised to monitor BTC's support levels and flexibly adjust their positions based on macroeconomic signals.