After a week of holding back, the big one is finally coming. Will the non-agricultural data in the evening be consistent with the forward-looking data? Will there be a positive pull-up, or a sharp drop to touch the floor🧐
BTC closed with a small negative line of real decline at the daily level, and the trend showed the expected weak shock, with the low point hovering around 56,000. There was no early signal of stopping the decline and stabilizing on the short-term market. It seems that the answer must wait until the end.
The number of ADP employment in the United States in August increased by 99,000, which was lower than the expected 145,000, the smallest increase since January 2021, and the previous value was revised down from 122,000 to 111,000.
The employment data "fight" with each other. The number of initial unemployment claims in the United States for the week ending August 31 was 227,000, which was expected to be 230,000, and the previous value was revised from 231,000 to 232,000.
BTC has a clear up and down space. From the perspective of market expectations, the general bullish expectations are obviously higher. This is also the reason why the main funds have been cutting short-term bulls in the market in the past two days. Therefore, once the data is good, the probability of violent pull-ups and the decline turning point will be very high🌹
