Hello.
US non-farm payrolls data will be released in 10 minutes.
Expectation is 164 k.
Data that comes below expectations will clarify that employment is shrinking in the US and the Fed will cut interest rates by 50 basis points, but data that comes well below expectations will be perceived as a recession and will be a hard dump.
Data that comes above expectations will indicate that employment is increasing and that there is no risk of recession.
I want this data to reflect positively on cryptocurrencies today because we are waiting at the Fibonacci support of 55800.
I hope the decline ends here and we see nice increases until the Fed's decision.
