The seasonally adjusted non-farm payrolls in the United States in May were 272,000, expected to be 185,000, and the previous value was 175,000. The unemployment rate in the United States in May was 4%, expected to be 3.90%, and the previous value was 3.90%.
The data results are higher than market expectations. Previously, many people believed that the probability of the Fed cutting interest rates in September was 77%. After the release of non-agricultural data, the probability was 55%.
It reminds me of the Ethereum ETF that was approved some time ago. The market was almost convinced that it would not be approved. The result was obvious.
I often share the topic of interest rate hikes in 2023
Shared on June 15, 2023, Bitcoin stopped falling from 26,000 to 30,000 US dollars
Shared on September 21, 2023, clearly stated that Bitcoin's weekly decline has stopped, from $26,000 to $40,000
The seasons have their own rules, the economy has its own cycles, and the market has its bull and bear markets.
The cryptocurrency world has bull and bear markets, and interest rate hikes and cuts are still operating in accordance with the rules.
From March to November last year, the market was unanimously worried about the US's continuous interest rate hikes, and the financial market was suffering.
However, we know very well that interest rate hikes are not endless. When interest rates reach a certain limit, they will stop raising interest rates and slowly start to lower interest rates and release money, and the cycle will repeat.
So last year we have been firmly optimistic about the market. We will not think that the bull market is coming today and the bear market is coming tomorrow. We just need to wait patiently and follow the trend.
Bitcoin did not disappoint, rising from $15,500 to the current $73,000
The focus of the vast majority of people in the market is always wrong
When we should be paying attention to the interest rate hike in 2021-2022, we are not paying attention to it. When the interest rate hike is coming to an end, we are very afraid that the continued interest rate hike will lead to a sharp drop.
It is the same now. We are struggling with when the interest rate will be cut and whether it will be cut. It is important to pay attention to the external situation, but the internal situation is more important.
Insufficient internal strength will lead to deviations in the analysis and interpretation of the situation.
When the time and place are all right, but the people are not right
Do the coins you have really have value potential? Can you make money when the market explodes?
When the market starts, you are not able to understand the market with your own ability
Harmony among people is the key to whether you can get the results. Otherwise, you are just a spectator.
Currently, the European Central Bank has cut interest rates for the first time since 2019, cutting interest rates by 25 basis points, which is a signal to start a cycle of interest rate cuts by global central banks.
The interest rate cut is inevitable because it is a rule and will not change due to some short-term data, news, or unexpected events.
The financial market is actually very simple. If you can master the method of identifying the bull-bear cycle and act in accordance with the rules, it will be difficult to lose money.
If you don’t believe in the rules, you won’t be able to survive in the financial market. You will struggle very painfully and eventually lose all your money and quit.
In any industry, if you don’t understand the rules of the industry and don’t follow the development of the industry, the result will be: those who follow the trend will prosper, and those who go against the trend will perish.
