#BTC☀
《Unemployment benefit data coming soon————Beware of market changes》
Before the release of this data, the big cake started another round of rise, and once raised the pressure level to around 63,400, and the support level also came to around 61,600. Let's take a look at the impact of unemployment data on the market after the interest rate cut.
The previous value of the number of initial jobless claims in the United States for the week ending September 14 was 23, the market expected it to be 23, and the announced value was 21.9, which was bearish.
Now that the Federal Reserve has cut interest rates by 50 basis points, the excessive number of unemployment claims will not only not be beneficial to the market, but will cause concerns about the US economic recession. This is also the reason why the market expects no increase or increase. As long as it remains flat and good news continues to ferment, there is a high probability that there will be another wave of increases.
The same data, in certain circumstances, is sometimes bearish and sometimes positive. This requires a combination of market sentiment and one's own experience to prepare to judge whether the impact of the news is good or bad.
