Non-Farm Data Release

In November, the seasonally adjusted non-farm employment in the U.S. increased by 227,000, compared to the expectation of 200,000, with the previous value revised from 12,000 to 36,000. This marks the largest increase since March 2024, exceeding expectations, and the job growth is the largest in six months; this is bearish for the dollar and bullish for crypto.

The U.S. unemployment rate in November was 4.2%, in line with expectations of 4.2%, and the previous value was 4.10%; the impact is minimal.

Traders assess that the likelihood of a rate cut in December has risen to 85%, continuing to be bullish.

In my last post, I mentioned there would be a spike; look, the big bullish candle is here!

Don't rush to place orders; wait for stability and observe the situation.

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