#US Non-Farm Payrolls Report and Its Impact on Cryptocurrencies #NFPCryptoImpact NFP stands for Non-Farm Payrolls, and refers to the US Non-Farm Payrolls report, one of the most important economic indicators released monthly. The report shows the change in the number of jobs added or lost in all sectors except:
#NFPCryptoImpact The US jobs report (NFP) has a significant impact on financial markets, including cryptocurrencies. The report typically causes short-term fluctuations in the prices of cryptocurrencies such as Bitcoin, as the movements reflect investors’ expectations about the economy and monetary policy. Strong employment data may support the dollar and pressure cryptocurrencies, while weak data may benefit them. Investors are advised to follow the report, make informed decisions, and manage risks carefully.
After opening long positions yesterday, the market responded today with a good rebound to the $95,200 level.
This move attracted longer-term traders more, indicating that the market has the strength to reverse the current trends. However, this was done specifically to collect additional liquidity from below. I still tend to believe that before the desired reversal, we will see a short-term decline in the $87,000 - $86,000 range, so there is no need to rush into long positions at the moment.
$USUAL A new currency that has no chart, and I have previously warned about new currencies. Leave them until they stabilize in the market and their points become clear. But their audience kept me busy with analysis inside, hoping for luck only Support points 0.5814