The economic recession has been hyped up again these days. I am really impressed.
Tomorrow is the release of the most critical non-agricultural data. If it is equal to or higher than expected, the hype of economic recession should take a break.
In addition to the public debate of the US election four days later, as long as the non-agricultural data is not bad, there should be a decent rebound in the next few days.
Of course, if it is lower than expected, the risk of economic recession will continue, which will increase the market's concerns about the "hard landing" of the US economy.
Global stock markets may suffer a greater impact as a result, and the cryptocurrency market will not be spared. It is likely to follow the downward trend. This is not optimistic and we have to continue to wait and see.
It is also ridiculous to say that for the cryptocurrency market, non-agricultural data that is lower than expected is good news (meaning that the economic performance is not good, which is conducive to early interest rate cuts, and interest rate cuts are good news)
It is not easy to get to the time when interest rates are to be cut, but there is another trading recession. This year is really difficult.
This kind of market can only make money by short-term, except for our spot holding, there can be no pattern.