📰 US job growth slows, Bitcoin briefly cheers!
📊 The US job data released earlier today was a bit disappointing! In the past year, 818,000 fewer jobs were added than we expected.
📉 As of March 2024, 2.9 million jobs were added last year, and only 2.1 million jobs this year, 818,000 fewer than last year. However, the market reacted really fast, and the price of Bitcoin hit $61,000 within a few hours. $BTC
🚀 Logically speaking, such data should make the market uneasy, and investors are worried about the economic recession, so the market should fall. But today, the main funds interpreted the slowdown in job growth as the Federal Reserve's loosening of monetary policy, and hyped it up as a signal that interest rates may be cut, and even speculation that they may be cut more (by 50 basis points), so the crypto market rose in response.
💼 At the same time, Goldman Sachs also said that this data may still be inflated, and the actual employment growth may be between 200,000 and 240,000, but the release of this set of data has a good impact on the economic market! This is the trading ability of the market makers. They can always interpret the reverse according to a certain event and influence the market!
🤷♂️ Therefore, as retail investors, we have to keep a clear head. Sometimes, you may think that a certain news or event is good news, and you want to leverage the contract to seize the opportunity. But you must also know that if the main force wants to smash the market, it can interpret good news into bad news in minutes.
👍 Remember, don't be led by short-term fluctuations, maintain your investment strategy, and choose high-quality assets. This is the correct strategy to make money and a long-term plan!
