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Crypto飞哥
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Tonight will be a critical moment for the cryptocurrency market
The U.S. Department of Labor will release non-farm payrolls and unemployment data at 9:30 p.m. Will the results be positive or negative? There are two points worth noting.
1. The overall market is pessimistic about the data. The PMI and JOLTS data released a few days ago rose sharply, which directly led to a sharp drop in U.S. stocks and the cryptocurrency market. Therefore, the market has fully anticipated the negative news, and the decline has been digested in advance. Even if the data performs poorly tonight, the further impact on the market may be limited. But if the data performs better than expected, the rebound will be very strong. Yesterday I was buying ETH and some cottages at the bottom, and I am still holding them, ready to take a big chance.
2. According to the forecast of Andrew Hollenhorst, an economist at Citigroup, there may be only 120,000 new non-farm jobs this time, and the unemployment rate is expected to be 4.4%. If this data is true, it will be a great positive.
I hope the data is good. I have been falling so much in the past few days that I am almost out of breath. 😂😂😂
The U.S. Department of Labor will release non-farm payrolls and unemployment data at 9:30 p.m. Will the results be positive or negative? There are two points worth noting.
1. The overall market is pessimistic about the data. The PMI and JOLTS data released a few days ago rose sharply, which directly led to a sharp drop in U.S. stocks and the cryptocurrency market. Therefore, the market has fully anticipated the negative news, and the decline has been digested in advance. Even if the data performs poorly tonight, the further impact on the market may be limited. But if the data performs better than expected, the rebound will be very strong. Yesterday I was buying ETH and some cottages at the bottom, and I am still holding them, ready to take a big chance.
2. According to the forecast of Andrew Hollenhorst, an economist at Citigroup, there may be only 120,000 new non-farm jobs this time, and the unemployment rate is expected to be 4.4%. If this data is true, it will be a great positive.
I hope the data is good. I have been falling so much in the past few days that I am almost out of breath. 😂😂😂
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