Interpretation of the big non-agricultural data
Brothers, as soon as the non-farm data was released yesterday, the market was immediately excited! The unemployment rate rose from 3.9% in April to 4.0%, breaking the record of being below 4% for 27 consecutive months. This is good news! However, the number of non-farm payrolls in May increased by 272,000, far exceeding the market expectation of 180,000, which is bad news.
You may wonder why the unemployment rate is rising while non-farm payrolls are also increasing? In fact, the unemployment rate includes agricultural employment, while non-farm payrolls exclude agricultural employment. This data seems to offset each other, but non-farm payrolls are usually more important than the unemployment rate, so overall the negatives are more likely.
However, the blogger believes that the non-farm payrolls of 272,000 in May released by the Labor Department are inflated. The data for next month is likely to be revised downward. The streets of the United States are full of unemployed, bankrupt, and homeless civilians, but the employment data can still increase significantly. It is simply the emperor's new clothes after the election.
Market reaction and prediction
As soon as the news came out, Bitcoin fell below 71,000, and Ethereum even dropped to 3,771. The market's long orders were once again ruthlessly bullish, with long orders liquidated in an hour reaching more than 25 million US dollars.
The blogger has predicted before that before the listing of Yitai ETF in June, the dog dealers will use all the hot news to wash the market and harvest chips. The current market fluctuates violently, which can be regarded as the routine operation of the dog dealers. At present, it is a game of stock market, and the dog dealers can still control the market. When the real increase comes, especially after the listing of Yitai ETF, it will not be so easy for the dog dealers to control the market.
Therefore, there is no need to worry, let alone panic, the trend is always there, and the market trend is also healthy. After this round of negative market crash, the price of CNY can still stand above 70,500, indicating that the foundation has been built. If nothing unexpected happens, the Yitai ETF will be listed in June. The blogger believes that the market performance in June will definitely be amazing, and it will not be difficult to reach a new high.
Funding and market confidence
Yesterday, the ETF had a net inflow of 3,035 coins, totaling $215 million. BlackRock bought 4,902 bitcoins and is now firmly the largest bitcoin holder. The bitcoin ETF has seen net inflows for 18 consecutive days, indicating that the market is facing a positive trend.
Bitwise, the issuer of Bitcoin ETF, tweeted that Wall Street institutions that manage $20 trillion in assets have not invested in Bitcoin or cryptocurrencies in the past six years due to regulatory uncertainty. Now that this biggest obstacle has been removed, Wall Street will accept cryptocurrencies as a normal market investment in the future. The listing of the Yitai ETF will surely push the entire industry to an unprecedented high.
Other countries around the world have also launched spot ETFs, and new traffic in the crypto market is rushing in. In the long run, just hoard the coins and leave the rest to fate. The blogger has been sharing: Every callback is an opportunity for God to give us a chance to get on board, and enjoy this God-given wealth in the fixed investment and hoarding of coins.
Market interpretation and strategy
Big Pie Trend
The intraday market fluctuated around 71000. The four-hour line showed signs of breaking upward, but there was no big breakthrough. Before the release of non-agricultural data in the evening, the market was mainly volatile, with the upper pressure level at 72000 and the support level at 70000.
Auntie Trend
The intraday trend is relatively weak, fluctuating within 30 points. The four-hour line trend is downward. The current trend will fall back to 3750. If it falls back, it depends on the support of 3750. If it breaks, it will create a new daily low. The non-agricultural data is positive, and the short-term trend will change. The bulls will rise. The upper pressure is 3890 and the support is 3750.
Altcoins
ORDI, the inscription sector, led the rise, and the Bitcoin ecosystem gradually rose. Other sectors did not see much improvement. The positive non-agricultural data boosted the market, and altcoins may usher in a wave of opportunities. Focus on MEME and SOL ecosystems and BRC20.
President's Strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared in a timely manner. It is recommended to follow the blogger’s homepage to obtain real-time strategies.
Strategy 1
Ambush W on May 18, entry price 0.56, current price 0.68, increase 25%. Continue to observe, target 0.8.
Strategy 2
Ambush WLD on May 20, entry price 4.8, current price 4.928, continue to hold, short-term target 8.5, long-term target 21.3.
Strategy Three
Ambush STRK on June 4, entry price 1.22, current price 1.325, up 15%, continue to hold, short-term target 1.54, long-term target 2.3.
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