Why did the market fall sharply after the non-agricultural data came out🛬
In fact, Brother Wu had already given the answer on August 29. The reason is the disturbance of the expectation of interest rate cuts, 25 or 50 basis points, the difference between a soft landing and a hard landing of the economy❗️
Last night, US stocks closed down on Friday. The three major stock indexes all fell sharply this week. The Dow Jones and S&P 500 recorded the worst single-week performance since March 2023
Attention, investors are evaluating the weaker-than-expected August non-agricultural employment data, and there are also differences of opinion on the extent of the Fed's interest rate cuts. Fed Governor Waller is open to a large interest rate cut.
The substantial interest rate cut here refers to a 50 basis point cut, which will greatly increase people's concerns about economic recession.
Yesterday, when Bitcoin was around 56,000, Brother Wu gave it room to move up and down. Sure enough, it just fell to the first support line and stabilized. Compared with other varieties, the liquidity willingness of long-term holders of Bitcoin is getting lower and lower. Large holders are generally unwilling to hand over their chips at a lower price. The emergence of this situation will cause Bitcoin to rise more and fall less each time it fluctuates, which is good for long-term development.
The long orders successfully bought near the support line this time can be held and wait for a corrective rebound. The stop-profit point can see whether there is stagflation above 572🤑
