Data Analysis
The data released by Bureau of Census for Durable Goods Orders Excluding Transportation on 23rd December, 2024 has come in at a decrease to -0.4% for November 2024. Compared to the previous release for October 2024 at -0.2%, we can see that business confidence is still decreasing month over month.
To see the impact and volatility of BTC's price during the Durable Orders Ex Transportation release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 2,977 BTC with prices swinging between 95,723.07 and 96,538.92, representing a swing of 0.85%. Subsequently, the trading volume increased significantly by 244% to 10,232 BTC. Price action ranged from a low of 92,928.82 to a high of 95,877.49, a significant difference of 3.08%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 183 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 95,723.07 to a high of 95,938.61, a 0.22% change. Immediately following, trading volume increased significantly by 139% to 438 BTC. At this time, Bitcoin hit a low of 94,974.55 with a high of 95,877.49, a significant change of 0.94%.
About Durable Goods Orders Excluding Transportation
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders ex transportation reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) excluding transportation equipment in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
94,281.44Close
94,471.3924h Change
189.95 (0.20%)24h High
96,538.9224h Low
92,520.0024h Volume
31,842 BTCUS Durable Goods Orders Excluding Transportation
Bureau of Census
23rd December, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 95787.78 | 95831.95 | 95787.78 | 95795.24 | 0.01% | 0.05% | 10 BTC |
| During | 95795.25 | 95877.49 | 95743.72 | 95808.20 | 0.01% | 0.14% | 19 BTC |
| 5 Minutes | |||||||
| Before | 95791.01 | 95831.95 | 95723.07 | 95795.24 | 0.00% | 0.11% | 63 BTC |
| During | 95795.25 | 95877.49 | 95424.51 | 95461.94 | -0.35% | 0.47% | 129 BTC |
| 10 Minutes | |||||||
| Before | 95880.02 | 95925.81 | 95723.07 | 95795.24 | -0.09% | 0.21% | 124 BTC |
| During | 95795.25 | 95877.49 | 95046.15 | 95192.85 | -0.63% | 0.87% | 297 BTC |
| 15 Minutes | |||||||
| Before | 95858.41 | 95938.61 | 95723.07 | 95795.24 | -0.07% | 0.22% | 183 BTC |
| During | 95795.25 | 95877.49 | 94974.55 | 95120.54 | -0.71% | 0.94% | 438 BTC |
| 30 Minutes | |||||||
| Before | 96305.00 | 96350.00 | 95723.07 | 95795.24 | -0.53% | 0.65% | 351 BTC |
| During | 95795.25 | 95877.49 | 94832.93 | 94924.34 | -0.92% | 1.09% | 812 BTC |
| 1 Hour | |||||||
| Before | 96259.00 | 96423.00 | 95723.07 | 95795.24 | -0.48% | 0.73% | 736 BTC |
| During | 95795.25 | 95877.49 | 94832.93 | 95521.74 | -0.29% | 1.09% | 1,357 BTC |
| 2 Hours | |||||||
| Before | 95967.89 | 96423.00 | 95723.07 | 95795.24 | -0.18% | 0.73% | 1,412 BTC |
| During | 95795.25 | 95877.49 | 93268.94 | 93432.20 | -2.53% | 2.72% | 6,047 BTC |
| 4 Hours | |||||||
| Before | 95896.00 | 96538.92 | 95723.07 | 95795.24 | -0.11% | 0.85% | 2,977 BTC |
| During | 95795.25 | 95877.49 | 92928.82 | 93789.22 | -2.14% | 3.08% | 10,232 BTC |
| 6 Hours | |||||||
| Before | 95364.00 | 96538.92 | 95036.77 | 95795.24 | 0.45% | 1.56% | 4,513 BTC |
| During | 95795.25 | 95877.49 | 92690.00 | 93440.26 | -2.52% | 3.32% | 12,806 BTC |
| 8 Hours | |||||||
| Before | 94281.44 | 96509.98 | 93700.42 | 95895.99 | 1.68% | 2.91% | 9,022 BTC |
| During | 95896.00 | 96538.92 | 92928.82 | 93789.22 | -2.25% | 3.74% | 13,210 BTC |
| 12 Hours | |||||||
| Before | 94281.44 | 96538.92 | 93700.42 | 95795.24 | 1.58% | 2.94% | 11,999 BTC |
| During | 95795.25 | 95877.49 | 92520.00 | 94471.39 | -1.40% | 3.50% | 19,843 BTC |
