nonfarm
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U.S. added 303K jobs in March, surpassing the 200K forecast. Today's figures shift expectations for the first rate cut to September. How might this affect crypto trends?
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U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The U.S. jobs market continues to exhibit strength with the government reporting the addition of 303,000 jobs last month. That's the strongest headline number since May 2023 and easily topped economist forecasts for 200,000 and February's 270,000 additions (revised from a previously reported 275,000).
The unemployment rate in March dipped to 3.8% against expectations for 3.9% and February's 3.9%.
The price of bitcoin {{BTC}} fell about 0.5% in the minutes following Friday morning's report to $66,000. In traditional markets, U.S. stock index futures gave up a chunk of earlier gains, but are still modestly higher. The 10-year U.S. Treasury yield rose 6.5 basis points to 4.38% and the dollar index added 0.5%.
Coming into 2024, markets had priced in as many as five or six U.S. Federal Reserve rate cuts to begin as soon as March. The economic data, however, hasn't cooperated. Inflation has actually risen somewhat in the first quarter of the year and job growth has remained robust.
March has obviously come and gone with no rate cut and traders ahead of today's numbers had moved expectations of the first rate cut to June or July, according to the CME FedWatch Tool. A total of just three rate cuts are expected for the full year and even that could be too much.
Speaking yesterday, Minneapolis Fed President Neel Kashkari suggested the possibility of no rate cuts at all in 2024. His remarks prompted a sharp reversal in stocks, with the major averages closing down more than 1%. Just following today's numbers, swaps trading indicated expectations for the first rate cut had moved out to September.
Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February.
The unemployment rate in March dipped to 3.8% against expectations for 3.9% and February's 3.9%.
The price of bitcoin {{BTC}} fell about 0.5% in the minutes following Friday morning's report to $66,000. In traditional markets, U.S. stock index futures gave up a chunk of earlier gains, but are still modestly higher. The 10-year U.S. Treasury yield rose 6.5 basis points to 4.38% and the dollar index added 0.5%.
Coming into 2024, markets had priced in as many as five or six U.S. Federal Reserve rate cuts to begin as soon as March. The economic data, however, hasn't cooperated. Inflation has actually risen somewhat in the first quarter of the year and job growth has remained robust.
March has obviously come and gone with no rate cut and traders ahead of today's numbers had moved expectations of the first rate cut to June or July, according to the CME FedWatch Tool. A total of just three rate cuts are expected for the full year and even that could be too much.
Speaking yesterday, Minneapolis Fed President Neel Kashkari suggested the possibility of no rate cuts at all in 2024. His remarks prompted a sharp reversal in stocks, with the major averages closing down more than 1%. Just following today's numbers, swaps trading indicated expectations for the first rate cut had moved out to September.
Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February.
Seeing that everyone paid more attention to yesterday's article, I will continue to update you with the market analysis today‼Does BTC have to reach 70,000 first or go through pullback first📉
Yesterday I said that ETH may fall from 3720 to 3820📉 again, so now the trend is the same as what I said. After touching 3720 last night, ETH had a drop immediately. So the pressure level of 3720 I told you does exist at present‼ ️If the pressure level is formed within the range from 3720 to 3780, I predict that the price may decline as a rounded top shape,and then goes up 📈#nonfarm #IOprediction
Yesterday I said that ETH may fall from 3720 to 3820📉 again, so now the trend is the same as what I said. After touching 3720 last night, ETH had a drop immediately. So the pressure level of 3720 I told you does exist at present‼ ️If the pressure level is formed within the range from 3720 to 3780, I predict that the price may decline as a rounded top shape,and then goes up 📈#nonfarm #IOprediction
LIVE首席操盘手日记
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Bullish
I know a lot of people saw that I took too much Ethereum at 3588. Did I think it would surge? ⁉️
My answer is, yes, it will surge, but there may be one or two more declines📉It does not mean a sharp drop like yesterday‼ ️but it may rise to the 3720 to 3820 area and then fall back to the 3520 to 3580 area
After the retracement is completed, it will rise again, which is what we call the market repair after the big drop, because if it does not break through 3800, even if I have many orders, I cannot shout that the bullish trend is formed. At most, it can be regarded as a short-term profit of the long orders at 3588. The real big trend needs to break through 3800 to determine that the surge trend is formed‼ ️#非农就业人数高于预期 #第55期新币挖矿IO
My answer is, yes, it will surge, but there may be one or two more declines📉It does not mean a sharp drop like yesterday‼ ️but it may rise to the 3720 to 3820 area and then fall back to the 3520 to 3580 area
After the retracement is completed, it will rise again, which is what we call the market repair after the big drop, because if it does not break through 3800, even if I have many orders, I cannot shout that the bullish trend is formed. At most, it can be regarded as a short-term profit of the long orders at 3588. The real big trend needs to break through 3800 to determine that the surge trend is formed‼ ️#非农就业人数高于预期 #第55期新币挖矿IO
The dark horse that soared dozens of times, NOT, helped you get on the train again at the lowest price of 0.01723🤩🤩 not bad at all
At that time, NOT soared by 50%, and there were still big innocent people scolding me, saying that the soaring coin let you take it at such a low price, how could you take it😂😂🤑This time it is not bad at all. You got it, and you got it. It means 20% floating profit🤩Just say it’s cool
This wave not only helped you get on the train at the lowest point of ETH at 3588, but also helped you get on the train at the lowest point of the most unpredictable copycat dark horse, the currency that soared and plummeted, and you got 20% floating profit as soon as you entered the market. When you get up, others’ positions are liquidated and you collect money. Just say it’s cool😂😂#nonfarm #NewCoinMining
At that time, NOT soared by 50%, and there were still big innocent people scolding me, saying that the soaring coin let you take it at such a low price, how could you take it😂😂🤑This time it is not bad at all. You got it, and you got it. It means 20% floating profit🤩Just say it’s cool
This wave not only helped you get on the train at the lowest point of ETH at 3588, but also helped you get on the train at the lowest point of the most unpredictable copycat dark horse, the currency that soared and plummeted, and you got 20% floating profit as soon as you entered the market. When you get up, others’ positions are liquidated and you collect money. Just say it’s cool😂😂#nonfarm #NewCoinMining
LIVE首席操盘手日记
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OK, brothers, don't forget the business
I haven't forgotten either🤣88 likes received, announce the entry position of the recent dark horse currency NOT on the list of gains
Why didn't I update it yesterday? Because I thought it was going to fall and sure enough, it fell today. My idea is that I should wait until it falls before sending it to you. After all, I am not like some bloggers who will take the project party's advertisements and then come back to let their fans take over at a high position to cut their fans' leeks😂In addition, I will update this NOT. In essence, I think it is a meme coin, so I updated it at the request of fans. My personal investment value does not recognize this kind of coin. It has a very exciting rise and greater risks😂
A good entry position is announced. The first entry position is 0.01723
This is short-term
The second entry position is long-term spot 0.01622
The third entry position is 0.01582
#5月非农数据即将公布 #MegadropLista
I haven't forgotten either🤣88 likes received, announce the entry position of the recent dark horse currency NOT on the list of gains
Why didn't I update it yesterday? Because I thought it was going to fall and sure enough, it fell today. My idea is that I should wait until it falls before sending it to you. After all, I am not like some bloggers who will take the project party's advertisements and then come back to let their fans take over at a high position to cut their fans' leeks😂In addition, I will update this NOT. In essence, I think it is a meme coin, so I updated it at the request of fans. My personal investment value does not recognize this kind of coin. It has a very exciting rise and greater risks😂
A good entry position is announced. The first entry position is 0.01723
This is short-term
The second entry position is long-term spot 0.01622
The third entry position is 0.01582
#5月非农数据即将公布 #MegadropLista
I was long Ethereum at 3588, so many fans guess that there will be a surge? ⁉️
My answer is that it will surge, and there may be one or two more declines📉but not a sharp decline to the lowest point like yesterday‼It may rise within the range of 3720 to 3820 and then fall back repeatedly to the range of 3520 to 3580. After this movement is completed, it will rise again, which is what we call the market repair after the sharp drop, because if it does not break through 3800 and I have opened long positions, I cannot say that the bullish trend is formed. At most, it can be regarded as a short-term profit made by going long at 3588. Only when it break through 3800 can we say that the surge trend is formed‼#nonfarm #IOprediction
My answer is that it will surge, and there may be one or two more declines📉but not a sharp decline to the lowest point like yesterday‼It may rise within the range of 3720 to 3820 and then fall back repeatedly to the range of 3520 to 3580. After this movement is completed, it will rise again, which is what we call the market repair after the sharp drop, because if it does not break through 3800 and I have opened long positions, I cannot say that the bullish trend is formed. At most, it can be regarded as a short-term profit made by going long at 3588. Only when it break through 3800 can we say that the surge trend is formed‼#nonfarm #IOprediction
LIVE首席操盘手日记
--
Bullish
I know a lot of people saw that I took too much Ethereum at 3588. Did I think it would surge? ⁉️
My answer is, yes, it will surge, but there may be one or two more declines📉It does not mean a sharp drop like yesterday‼ ️but it may rise to the 3720 to 3820 area and then fall back to the 3520 to 3580 area
After the retracement is completed, it will rise again, which is what we call the market repair after the big drop, because if it does not break through 3800, even if I have many orders, I cannot shout that the bullish trend is formed. At most, it can be regarded as a short-term profit of the long orders at 3588. The real big trend needs to break through 3800 to determine that the surge trend is formed‼ ️#非农就业人数高于预期 #第55期新币挖矿IO
My answer is, yes, it will surge, but there may be one or two more declines📉It does not mean a sharp drop like yesterday‼ ️but it may rise to the 3720 to 3820 area and then fall back to the 3520 to 3580 area
After the retracement is completed, it will rise again, which is what we call the market repair after the big drop, because if it does not break through 3800, even if I have many orders, I cannot shout that the bullish trend is formed. At most, it can be regarded as a short-term profit of the long orders at 3588. The real big trend needs to break through 3800 to determine that the surge trend is formed‼ ️#非农就业人数高于预期 #第55期新币挖矿IO
Here's a rephrased breakdown of the psychological phases in the crypto market for those new to the scene:
PHASE 1 - Accumulation:
Big players and seasoned investors buy at lower prices while skepticism lingers. Remember last year when Bitcoin was at $15,000 and uncertainty was high?
PHASE 2 - Momentum:
Prices rise, experience corrections, then rise again. Excitement grows, long-term holders celebrate, FOMO sets in, and alternative coins surge.
PHASE 3 - Euphoria/Excess:
Greed takes the reins, prices skyrocket daily, mainstream attention peaks, strange market behaviors emerge, and scams proliferate. Keep an eye on the Bitcoin Fear and Greed Index - a reading of 90 indicates trouble ahead. Stay vigilant to avoid missing the downturn.
PHASE 4 - Massive Crash/Long Red Candles:
Prices nosedive, panic spreads, media turns pessimistic, large investors and newcomers sell off, while seasoned traders buy the dip. Don't get caught holding devalued coins for years - learn from others' mistakes!#nonfarm #memeficoin
PHASE 1 - Accumulation:
Big players and seasoned investors buy at lower prices while skepticism lingers. Remember last year when Bitcoin was at $15,000 and uncertainty was high?
PHASE 2 - Momentum:
Prices rise, experience corrections, then rise again. Excitement grows, long-term holders celebrate, FOMO sets in, and alternative coins surge.
PHASE 3 - Euphoria/Excess:
Greed takes the reins, prices skyrocket daily, mainstream attention peaks, strange market behaviors emerge, and scams proliferate. Keep an eye on the Bitcoin Fear and Greed Index - a reading of 90 indicates trouble ahead. Stay vigilant to avoid missing the downturn.
PHASE 4 - Massive Crash/Long Red Candles:
Prices nosedive, panic spreads, media turns pessimistic, large investors and newcomers sell off, while seasoned traders buy the dip. Don't get caught holding devalued coins for years - learn from others' mistakes!#nonfarm #memeficoin
Others' positions were liquidated by 4 billion, but I made profits double in my position over 4 billion
I told you to place pending order at 3588. If you the price level is to be reached, you will make a fortun. Last night, ETH nosedived to the lowest price of 3568. Did you made this trading?
Is this another day of making money forever?#nonfarm #NewCoinMining
I told you to place pending order at 3588. If you the price level is to be reached, you will make a fortun. Last night, ETH nosedived to the lowest price of 3568. Did you made this trading?
Is this another day of making money forever?#nonfarm #NewCoinMining
Someone told me that I called for going long at 3588 to take advantage of the plunge fours days in advance, but the price did not reach 3588. Just look at how many friends in the comment senction say that they have made a fortune now‼
Why can others follow my strategy to make a fortune, but you can't make it? As a person who truly loves trading, I have taught thousands of people to make trading. I can tell whether you can survive in the market with one word you said.
I have taught thousands of people, and they made a lot of money in a month without a stop loss, but someone’s position was liquidated? When I asked him the reason, he said that your predcition is really accurate, and although you called for going long at a low point, I went short with overweight investment, so I was liquidated before it fell to the position you gave.
Actually, he is not the individual case, so I often say that you should follow my will tell you trategy and the trading logic for each order. You can learn to trade by making money without effort‼ The same principle applies to this long order. I have told you many times that you must place pending order at 3588, and then you will get rich overnight. Why don’t you take my advice⁉#nonfarm #NewCoinMining #BNBToken
Why can others follow my strategy to make a fortune, but you can't make it? As a person who truly loves trading, I have taught thousands of people to make trading. I can tell whether you can survive in the market with one word you said.
I have taught thousands of people, and they made a lot of money in a month without a stop loss, but someone’s position was liquidated? When I asked him the reason, he said that your predcition is really accurate, and although you called for going long at a low point, I went short with overweight investment, so I was liquidated before it fell to the position you gave.
Actually, he is not the individual case, so I often say that you should follow my will tell you trategy and the trading logic for each order. You can learn to trade by making money without effort‼ The same principle applies to this long order. I have told you many times that you must place pending order at 3588, and then you will get rich overnight. Why don’t you take my advice⁉#nonfarm #NewCoinMining #BNBToken
The latest unemployment rate and employment data in the United States has came. Are they exactly the same as the data and trends I told you this morning‼
If unnemployment rate data is higher than expected, which is positive news; if it is lower than expected is negative news. Since the slowdown of job market helps to suppress inflation.
This Non-Farm data is hovering around 250,000 as I told you, so the data is likely to show negative news.How will the market situation will develop? The article below has mentioned that, maybe you can refer to it‼ #nonfarm #UnemploymentRates #altcoins
If unnemployment rate data is higher than expected, which is positive news; if it is lower than expected is negative news. Since the slowdown of job market helps to suppress inflation.
This Non-Farm data is hovering around 250,000 as I told you, so the data is likely to show negative news.How will the market situation will develop? The article below has mentioned that, maybe you can refer to it‼ #nonfarm #UnemploymentRates #altcoins
LIVEthe journey of chief trader
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The non-farm data is about to be released. Let me tell you my views on it‼
Since 2024, you can see that the non-farm has basically fluctuated around the middle value of 250,000 people, with a maximum of around 300,000 people and the lowest value in 2 years is 150,000. Therefore, I believed that this time the non-farm is expected to be 185,000, which is also negative news, because the data of non-farm below 185,000 were very early in the past two years, with only 2 times.
This time the expectation is 185,000, and the probability of being lower than 185,0000 is still relatively low. It is generally considered to be negative. Once the non-farm is lower than 185,000 today, there will be a great chance of the bulls. But I think this probability is relatively low, so it is time to make a full preparation for the non-farm data in advance.#NewCoinMining #BNBToken #AltcoinInvesting
Since 2024, you can see that the non-farm has basically fluctuated around the middle value of 250,000 people, with a maximum of around 300,000 people and the lowest value in 2 years is 150,000. Therefore, I believed that this time the non-farm is expected to be 185,000, which is also negative news, because the data of non-farm below 185,000 were very early in the past two years, with only 2 times.
This time the expectation is 185,000, and the probability of being lower than 185,0000 is still relatively low. It is generally considered to be negative. Once the non-farm is lower than 185,000 today, there will be a great chance of the bulls. But I think this probability is relatively low, so it is time to make a full preparation for the non-farm data in advance.#NewCoinMining #BNBToken #AltcoinInvesting
The entries given in the article are too much accurate, right?
No one else can give such accurate entries at this time except for me, right?
Is it difficult to get such accurate entries? Actually, it's not difficult, and you just need to find where the resisitance level is. If you think I'm incredibly accurate for such an easy thing, I think you really need to improve your trading skills.
There is a saying goes “he laughs best who laughs last”. Those who laugh last are those who have the ability to endure loneliness and improve themselves, rather than those who dawdle all day and indulge in pleasure and luxury. If you have always dawdled outside every day, you certainly can't have such good trading skils to analyze the market movement to get such accurate entries.
This is the technology and skills that I have practiced and improved over many years and days and nights. How much suffering and hardship have I endured to make me analyze the entreis so accurately. Time will tell. #nonfarm #BinanceTournament #Pce
No one else can give such accurate entries at this time except for me, right?
Is it difficult to get such accurate entries? Actually, it's not difficult, and you just need to find where the resisitance level is. If you think I'm incredibly accurate for such an easy thing, I think you really need to improve your trading skills.
There is a saying goes “he laughs best who laughs last”. Those who laugh last are those who have the ability to endure loneliness and improve themselves, rather than those who dawdle all day and indulge in pleasure and luxury. If you have always dawdled outside every day, you certainly can't have such good trading skils to analyze the market movement to get such accurate entries.
This is the technology and skills that I have practiced and improved over many years and days and nights. How much suffering and hardship have I endured to make me analyze the entreis so accurately. Time will tell. #nonfarm #BinanceTournament #Pce
I have called for opening long positions at 3588, did you take my advice⁉
Anyway, I did go long at 3588.
I've already said that if you open trading at this price, you will only get rich.
Just placing pending order there, and if 3588 is to be reched, you will get rich. And then ETH accurately plunged to 3568, so we made huge profits.#nonfarm #Newcoinlauch
Anyway, I did go long at 3588.
I've already said that if you open trading at this price, you will only get rich.
Just placing pending order there, and if 3588 is to be reched, you will get rich. And then ETH accurately plunged to 3568, so we made huge profits.#nonfarm #Newcoinlauch
LIVEthe journey of chief trader
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If you successfully long at the lowest point when ETH plummets this time, you will definitely get rich. Of course the probability of the plung is very small‼ This is how I make profits double in my position while others’ positions are liquidated.
Please long ETH within the range from 3588 to 3468.
Bros, do I make myself clear? Get it, my fans‼ #PCE #MegadropLista
Please long ETH within the range from 3588 to 3468.
Bros, do I make myself clear? Get it, my fans‼ #PCE #MegadropLista
I have said that the entriess given to you by myself will never disappoint each follower.
Let me make a summary for the live broadcast yesterday evening.
First, I published article to call for going short at 3516 the day before yesterday, and then the current price is 3430, so this psosition genrated a floating profit of nearly 100 points. Continue to hold this position.
Second, those who have not entered the market can continue to go short at 3460 mentioned in my live broadcast‼ After entering the market, ETH has fallen from 3460 to 3430. In the 10-minute live broadcast, I helped everyone make a profit of 30 points during the live broadcast. I have said that I will never be a second guesser for market predcitions.#nonfarm #BinanceTournament
Let me make a summary for the live broadcast yesterday evening.
First, I published article to call for going short at 3516 the day before yesterday, and then the current price is 3430, so this psosition genrated a floating profit of nearly 100 points. Continue to hold this position.
Second, those who have not entered the market can continue to go short at 3460 mentioned in my live broadcast‼ After entering the market, ETH has fallen from 3460 to 3430. In the 10-minute live broadcast, I helped everyone make a profit of 30 points during the live broadcast. I have said that I will never be a second guesser for market predcitions.#nonfarm #BinanceTournament
