Whether the US economy has entered a recession cycle‼ ️Will there be a large outflow of funds from Wall Street, and whether Bitcoin can reach 60,000, tonight is the most important⚠️
First of all, many friends do not understand the reason for this round of Bitcoin's sharp drop. Why will it still fall sharply when the interest rate cut is coming⁉️In fact, this is mainly related to the previous round of non-agricultural data and unemployment rate
The last wave of non-agricultural data recorded 110,000 people, which is the lowest value in the United States in the past two years. At the same time, the unemployment rate continued to rise, which means that the US economy is in a recession. Therefore, it was the data of the US economic recession that led to the sharp drop in the currency circle. At the same time, in order to slow down the US economic recession, the Federal Reserve decided to cut interest rates. Therefore, this causal relationship is a wave of recession that caused Bitcoin to fall sharply
It is very important whether the non-agricultural data can rebound tonight. If it can rebound, the currency circle will rise sharply, and everything will be fine💪💰
