In October, non-farm payrolls in the United States increased by 12,000, compared to an estimate of an increase of 105,000, with the previous value revised down by 31,000 to 223,000. This is the lowest monthly job growth since December 2020.
The unemployment rate in the United States for October is 4.1%, with an estimate of 4.1% and a previous value of 4.1%.
The yield on the 10-year U.S. Treasury bond plummeted short-term, dropping over 0.6%. The yield on the 2-year U.S. Treasury bond fell over 1.6%. Today's non-farm data will not affect the Federal Reserve's recent trends, but how could this data be off by more than 20?
The main reasons for this pullback are: Uncertainty in the US presidential election. According to the latest polls, Harris's approval rating has begun to lead Trump again, which makes the market a little worried that Trump may lose the election. In addition, the core PCE data in September was lower than expected, recording the largest drop in nearly six months, and the previous value was also raised from 0.1% to 0.2%, which led to a cooling of market expectations for a rate cut in November, and even concerns about a pause in the rate cut. In addition, global stock markets also suffered a decline in the three major indexes, and this macro environment further put pressure on prices. Under the interweaving of multiple factors, the trend of $BTC faces challenges in the short term. These have affected market sentiment and confidence. According to the latest CNN poll, Harris is slightly ahead of Trump nationwide. Trump's advantage in some key swing states has been partially reversed. This may also be one of the reasons for the sharp drop in Trump Technology Group (DJT) and the stock market pullback, because the market had previously overpriced the bull market after Trump's election. Yesterday, Trump also tweeted to congratulate all Bitcoin enthusiasts on the 16th anniversary of Satoshi Nakamoto's white paper. He also said that he would end Harris's "war" on cryptocurrencies and promised to make Bitcoin in the United States. Finally, he called on everyone to vote for him.
Is the news about interest rate cuts reliable? Federal Reserve Chairman Powell has spoken again, expecting to cut by 25 basis points in November and December! This is big news, signaling a shift in the U.S. economy, and the strong dollar will be challenged. But is Powell's statement reliable? I personally think, let's wait and see, after all, the election results are not out yet, and everything is uncertain. Moreover, no matter who comes to power, they serve their national interests, and they often stand for the capital markets. Therefore, any rumors at the moment are uncertain and may just be a tool for the market makers to cooperate with the capital markets. What do you all think? Feel free to leave comments for discussion!
This round of the bull market will have several stages: 1. The price of $BTC continues to rise, and the Bitcoin ecosystem initiates the market. 2. $ETH takes over, leading the hot altcoins to soar, and coins with narratives are all rising; waking up to find assets doubled. 3. MEME coins are in chaos, with shitcoins flying everywhere and FOMO hitting its peak. 4. Trend reversal, mainstream coins retract, altcoins plummet, and shitcoins go to zero. 5. Entering a new round of bear market.
The US election is less than a week away, whether $PEOPLE can fly will be determined in these few days. These days are crucial, and it is recommended to continue holding cash!
Sharing some trading ideas for popular cryptocurrencies: 1. Stas has recently pulled back significantly, entering the oversold zone continuously. Keep holding and wait for a rebound; sell off around 50, and for medium-term holding, it can be looked at around 80; 2. The election-themed coin $PEOPLE has recovered from its previous decline. This week, we will observe again, and if there is still no obvious upward trend, consider exiting first; 3. After reducing CKB holdings, continue holding and wait for a breakout; 4. $FTM maintain holding; 5. FB remains inactive for now, waiting for the ecosystem to warm up.
The second coin $ETH follows the first coin $BTC in a synchronous rise, facing strong resistance at 2680, with an expectation of a slight adjustment before launching another attack. However, the current ETH trend is still relatively weak compared to BTC.
The ETH ecosystem is still not very active, but with BTC successfully breaking through, ETH's catch-up is just a matter of time. A new round of the upward cycle is about to start.
Has the bull market started? The price of the big cake rose to 73600 overnight
The cottages we arranged in the small family are also taking off
Arrange friends to ambush $PIXEL on Monday and enter the market at the current price of 0.14
The target is 20-30% profit stop, the current price is 0.186, and the increase is 28% in just two days
Did the guys seize this opportunity?
If you want to know the specific opportunities and specific decisions, you can get the position allocation strategy in the small family, which will teach you how to make money in the bull market and earn coins in the bear market
The moment of the spirit and heart has arrived, and the market for Dabin $BTC has started to surge! Approaching the historical new high position at 73856. Last night at 3 AM, the maximum increase was at 73650; both the daily and weekly charts have already stood above the upper Bollinger Band, with strong bullish momentum according to technical indicators. If there are no market news to interfere, the market is expected to continue rising. According to market dynamic news, at 20:30 tonight, information will flood in; whether it will lead to a market correction depends on tonight's news.
In such a market, be especially cautious; those who have not positioned themselves on the bullish side must not chase after the bullish direction. Both the market for $SOL and $ETH should maintain this mindset; at this time, be wary of corrections and keep your focus on the evening's market changes to refine your layout.
Big Coin $BTC 70,000 for the first time, $ETH 4000 for the second time Big Coin 70,000 for the second time, 3900 for Ethereum Big Coin 70,000 for the third time, 3300 for Ethereum Big Coin 70,000 for the fourth time, 2500 for Ethereum Big Coin ETF will really soar in the future, while other copycats are still suffering from liquidity depletion. I hope it is not the right time yet, so keep waiting!
After waking up, the pancake $BTC 70000, the counterfeiters are starting to get tough, bringing about revelry and joy, unprecedented in history.
Because I keep reminding everyone to get in at the low point of $BTC and hold for the long term. This market is a battlefield witnessing human nature and foresight. Enter when no one cares, and leave when everyone rushes in. Those who bought in at low prices have experienced hesitation and waiting. Of course, they got very low chips.
So, how about it, have you made a profit? Did you miss out?
The trend of Erbing $ETH is completely passive! The exchange rate of Ethereum and Bitcoin continues to hit a new low. Recently, there are many articles in the market condemning Ethereum. After all, it is the only cryptocurrency that has passed the ETF. Its performance is completely different from $BTC , which makes many old coin holders of Ethereum complain bitterly.
In this round, only $SOL kept up with Bitcoin's rise. Look at SOL's weekly chart; it's almost the same as Bitcoin's. Why is $SOL so strong? Can it surpass Ethereum?
Because it has become the cradle of meme 'shitcoins', while the previous cradle for these shitcoins was BSC. In the last cycle, in early 2021, BNB capitalized on the 'spillover' of Ethereum’s ecosystem and developed the Ethereum 'sidechain' BSC chain. Due to BSC being relatively centralized, its transaction fees are very low, and its trading efficiency is high, providing a good experience, along with massive traffic support from Binance, it quickly became the issuance platform for various shitcoins.
BSC chain became the second-largest public chain ecosystem, next to Ethereum, and BNB transformed from a platform token to an ecosystem token, ranking among the top three in market value.
However, in this cycle, BSC has clearly lagged behind. To this day, BNB's price still relies on the staking of new coins listed on Binance for support, and the attention on the BSC chain itself has decreased significantly.
SOL itself was born from FTX, has close ties to Wall Street, and possesses relatively centralized attributes, with very low transaction fees and a good experience. Therefore, starting this year, many popular MEME coins have emerged on SOL, with many skyrocketing by a thousand or even ten thousand times, such as bonk, WIF, etc., propelling SOL to become an ecosystem token.
As we get closer to the announcement of the results of the U.S. election on November 5, if Americans were to choose a president based on total assets, then Harris should fall short. Trump, after all, comes from a business background, and his supporters are all wealthy individuals. However, we still need to be prepared for both outcomes, and there are several key points we must pay attention to: Trump and Harris are the main candidates; different results will lead to different trends in the cryptocurrency market. If Trump is elected, the cryptocurrency market may see a surge, especially Dogecoin. This is driven by Musk, who supports Trump, and coupled with the efficient, safe, and decentralized characteristics of Dogecoin, it may gain more opportunities under a Trump administration. On the other hand, if Harris is elected, the market may experience a significant pullback. Therefore, regardless of the situation, we need to be prepared for both outcomes, and even Dogecoin should not be heavily invested.
Recently, there has been talk that playing with knockoffs is not as good as playing with MEME, but do you know that MEME really just casually made it onto BN?
If there wasn't a capital team pushing from behind, MEME would end up being no different from other meme and VC coins, aside from being able to achieve a phenomenon level, transforming from a low-tier dog to mainstream (doge, shib with a market value of hundreds of billions). If you don't believe it, just look at how the various XXdoge coins that appeared after the last round of doge are performing now?
I summarize the artificial intelligence sector: 1. MEME Coin Sector: shib, doge, floki, as well as emerging PEPE, PEOPLE, bonk, wif, etc. 2. AI Sector: AGIX, FET, WLD and other leading AI technologies, as well as rising stars like AI, NMR, etc. 3. Public Chain Sector: SOL, MATIC, FTM and other emerging public chains. 4. Layer 2 Sector: OP, ARB, CKB and potential projects such as APT, METIS, IMX. 6. Gamefizone: Axie, ygg, sand and creative projects like mana, gala, enj, etc. 7. Payment Concept Area: mob, ach, xlm, etc. 8. Storage Sector: IPFS, AR, Storj and others providing distributed storage services. 9. Decentralized Finance Field: aave, ftm, rdnt, etc. and other leading projects. 10. NFT Sector: ApeCoin, BLUR, X2Y2 and other popular NFTs, as well as LOOKS, DEGO, XAI and other art projects. Which one do you prefer? Feel free to leave a comment.