Thirteen consecutive hourly positive lines, some people call it a bulldozer, some people say it is a negative rise, anyway, it is the first time I see BTC form such a beautiful hourly K-line.
The fastest rebounding sector is still the AI sector, and this year's dark horse is definitely the AI sector. There will be a rebound even if the market is oversold. Whether the rebound can continue depends on the non-agricultural data at 21:30 tonight. I prefer to believe that there will be a rebound here.
One of the reasons for the plunge a few days ago was that the Federal Reserve said in January that the probability of a rate cut was no more than 95%, which probably meant that the United States would not cut interest rates four times like in 2024.
Reduce rate cuts!
Tonight’s data will affect the number of interest rate cuts, so we need to pay close attention to it.
Look at two data, unemployment rate and employment rate.
The unemployment rate represents the economic development situation. If the unemployment rate is too high, it will be considered an economic recession. Therefore, under the premise of an increase in the unemployment rate, we must also look at the changes in the number of employed people.
I don’t know if any of you still remember that there have been several times in the past where the unemployment rate has risen, but employment data has also risen. This is because the new labor force population is increasing. Although the unemployment rate has risen, the labor force is also increasing. In this case, it will not be simply considered an economic recession. So if the non-agricultural data is like this, then it is good news.
The unemployment rate rose slightly, from 4.2% in the previous period, while the market expectation was 4.2% and Bloomberg's expectation was 4.4%.
The previous value of non-farm employment was 227,000, and the market expected 160,000
As expected, the non-farm data showed an increase in unemployment rate and a decrease in employment, which means that the Federal Reserve will open up more interest rate cuts and there are suspicions of an economic recession. However, the market data is still good, so I think if it really happens, it should be a small positive. Of course, if the market insists on interpreting it as an economic recession, then there is nothing we can do.
In the third case, if the unemployment rate drops and employment data improves, the market will expect the economy to be good and the Federal Reserve will reduce or maintain the number of interest rate cuts.
Binance announced the launch of three AI concept coins for spot trading
Binance announced that it will launch aixbt by Virtuals (AIXBT), ChainGPT (CGPT), Cookie DAO (COOKIE) and apply seed tags.
AIXBT: Base chain AI AGENT, currently worth 560 million, opens up new horizons on Binance. It is currently the strongest single AGENT. The launch of $AGENT at this market value will seize traffic through fat applications in the AI track.
The only coin listed after the market stabilizes will be directly listed on Binance spot in the afternoon. You and I are both "insider traders"!
CGPT: AI conceptual infrastructure;
COOKIE: This wave of callback is very resistant to falling, and the stock market has directly pulled up. AI proxy index platform project, AI data layer, very infrastructure, very hardcore. I saw the announcement and followed it, hoping not to bury it.
Currently, there are only four Binance AI Agents on sale, the other one is ACT.
The contracts are: ai16z, virtual, aixbt, griffain, goat, act, zerabro, fartcoin, swarms.
Binance's three spot interpretations:
1. Continue to be optimistic about AI, but it needs to be applied AI;
2. Those listed on Binance contracts can also be listed on Binance spot. Previously, it was rumored that listing on the contract was equivalent to a death sentence for spot trading. Now, there is no problem.
3. All three projects are listed on alpha X, which is good for Binance Wallet;
4. There are 2 bnbchain projects among the three projects. Binance’s original intention to support bnbchain remains unchanged;
Simply put, it is good for Ai and BSC.
Then the one with all the elements and the lowest market value is $aicell, the leader of Bnbchain ai and listed on alphax
Secondly, the bnbchain meme$koma $cheems that was listed on the contract
Finally, there are various ai, $ai16z, $aimonica, $kra, etc.
Thanks to Binance, the AI craze should continue.
Instead of missing out, you might as well buy VIRTUAL. The AIXBT launched on Binance is based on the VIRTUAL ecosystem, and it is the only one among various frameworks and platforms that has multiple powerful applications.
