The positive non-farm payrolls rekindle the market. The darkest moment is the best opportunity.
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🔹Reviews of Cognitive Society
On May 3, Bitcoin rebounded to 60,000 for the first time, which was expected, but it soared to 62,000 due to the positive non-agricultural data.
Why is Bitcoin so strong when the non-farm data is positive?
Because of the positive non-agricultural data, the expectation of a US interest rate cut is faster. As long as the US cuts interest rates, the possibility of a surge in Bitcoin and the encryption industry will increase.
This is why, even though Cognitive Society clearly knows that the price of altcoins has plummeted but Bitcoin has not fallen yet, why don’t they dare to cut their losses?