One hour later, at 8:30 tonight, two important data, the US non-farm payrolls data and unemployment rate, will be released. These two data will indicate whether the next Fed rate cut is a defensive rate cut or a forced rate cut.

If the data is good, then it is a defensive rate cut, which is good for the financial market and crypto assets. If the data is not good, then the market will panic again, fearing a financial tsunami like in 2008 and 2009. Brother Nan’s strategy is to wait first and not gamble!