The expectations for interest rate cuts in January have been thwarted by the impact of labor market and ISM manufacturing PMI data. Although market sentiment leans towards pessimism, this pessimistic atmosphere may actually present good opportunities for entry. The unemployment rate data set to be released on Thursday will have a significant impact on the market's future trends, and the pessimistic sentiment may persist until the final results are revealed on January 29.
If January indeed decides to pause interest rate cuts, and there are no signs of a recovery in rate hike expectations (such as a rebound in inflation or a situation where the labor market is in high demand), then every market downturn could be seen as a favorable opportunity for gradual position building.
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