At 20:30 tonight, the U.S. Bureau of Labor Statistics will release the latest non-farm report, which covers key employment market indicators such as unemployment rate, non-farm population, wages, and labor force participation rate that the Federal Reserve and the market are closely watching. In this context, tonight's report is particularly important.
The consensus expectations of Wall Street investment banks for this non-farm report are as follows:
The U.S. unemployment rate in June is expected to remain unchanged at 4%;
The seasonally adjusted non-farm employment population is expected to record 190,000;
The average hourly wage monthly rate is expected to record 0.3%, lower than the previous value of 0.4%;
The average hourly wage annual rate is expected to record 3.9%, which is significantly slower than 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 U.S. economy and employment performance have gradually become weak, leading to Wall Street's expectations for the Fed's interest rate cut.
Operational advice:
Calm down and don't operate with emotions. At present, we maintain yesterday's view that the bottom of Bitcoin will be 52,000 this time. You can enter the market with all your strength here, and all currencies are fine.
For investors who have already entered the market: do a good job of risk control. When 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 the risk of 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 the big bull. For investors with spare money: if you don't enter the market now, when will you? Non-agricultural and unemployment rates are important economic data. At present, the market lacks confidence. If it is negative, it may become the last straw that breaks the camel's back; if it is positive, the market may bottom out and rebound.
Overall, the market sentiment has begun to panic, but it is not desperate yet, and there is still room to go down. Please ensure that risk control is the highest priority and seek entry opportunities when you have spare energy.
Again, if you don’t know what to do, click on my profile picture, spot planning, contract honey 🐎, comment 666 to share with you.
