The major and minor non-farm payrolls at the beginning of each month have become the barometer reference point for the crypto community today!
The main reasons are as follows:
1. The involvement of mainstream capital and the entry of large institutions such as BlackRock and Fidelity will definitely strengthen the linkage with the US stock market, and then the linkage with the Federal Reserve will also be strengthened. Then the data with a greater impact on the market will naturally become the reference point for these institutions and regular forces;
2. As more and more traditional financial professionals join the cryptocurrency circle, they have higher professionalism and trading discipline. They are not like the ignorant people in the early cryptocurrency circle. They will pay attention to economic data because it is their experience from other financial fields. They will not give up their trading logic.
3. As the cryptocurrency world gradually becomes more North American, European, and developed, it will inevitably converge with the macro policies of these countries;
Straight to the point: What do you think about the small non-farm payrolls at 20:15 tonight?
The expected value is 16, and the previous value is 15.2. Judging from the expected value, it is one of the factors for postponing the interest rate cut, which can be regarded as a small negative.
The announced value is equal to or greater than the expected value, which is bearish. It is not recommended to intervene after the value is announced. It is recommended to observe for one day after the announcement and then seek expected speculation on the big non-agricultural data after it hits the bottom!
BTC has been in a continuous bullish trend today, beware of the reverse harvest in the evening!
Friday's big non-farm data:
The current expected value is 19, the previous value is 27.2, and the announced value is to be determined. The expected value of the big non-farm payrolls is a big positive. If the BTC value of the small non-farm payrolls tonight falls back and does not break 60500±300 in the next 24 hours, it can be regarded as an opportunity for the big non-farm payrolls this week!
In the current market situation, there is no need to talk about the pattern. Ultra-short-term trading is all about quick in and quick out. Once the pattern is established, the market will definitely teach you a lesson!
BTC current trend
The intraday profit and loss ratio has reached the highest. At this time, intervene around 60,500 and bet on a rebound in the evening!
Set your own take profit, stop loss at 59800!
