The U.S. will release non-farm payrolls and unemployment rate data tonight, which will have a huge impact on the market.
Tonight at 20:30, the U.S. Bureau of Labor Statistics will release the latest non-farm report, covering key employment market indicators such as unemployment rate, non-farm population, wages, labor force participation rate, etc. that are closely watched by the Federal Reserve and the market.
The consensus expectation of Wall Street investment banks for this non-farm report is that the U.S. unemployment rate will remain unchanged at 4% in June; the seasonally adjusted non-farm payrolls are expected to reach 190,000; the average hourly wage monthly rate is expected to be 0.3%, lower than the previous value of 0.4%; the annual rate is expected to be 3.9%, a significant slowdown from the previous value of 4.1%; the labor force participation rate is expected to rise slightly from 62.5% to 62.60%.
A number of data released this week showed that the US economy and employment performance have gradually weakened, leading to an increase in Wall Street's expectations for a Fed rate cut. Against this backdrop, tonight's report seems even more important.
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Calm down, don't trade with emotion. I maintain yesterday's view that the bottom of Bitcoin will be 52,000 this time. You can enter the market with all your strength at this point, and all coins are fine. For those who have already entered the market, you must do a good job of risk control. If Bitcoin really reaches 52,000, can you maintain your position? If there is a risk of liquidation, you need to reduce your position to reduce forced liquidation. It is better to cut a small part of your position than to return it to zero. Don't fall on the eve of a big bull market. Stay calm. If there is a risk in your position, you should cut some of it. Risk control is the highest priority. If you have extra money, if you don't enter the market now, when will you?
Non-farm payrolls and unemployment rate are important economic data. Currently, market confidence is insufficient. If there is bad news, it will be the last straw that breaks the camel's back. If there is good news, the market will bottom out and rebound.
The market sentiment is starting to panic, but it is not yet desperate and there is still room for downward movement.
