Economists are closely following the upcoming February non-farm payroll data, which will have a significant impact on the employment market and the Crypto Assets market.
Analysis shows that if non-farm payrolls increase by less than 40,000 and the unemployment rate is between 3.9% and 4.1%, it may raise market concerns about the employment situation, and the price of Bitcoin could drop to around $107,600.
On the contrary, if the number of jobs increases between 45,000 and 70,000, and the unemployment rate is in the range of 4.1% to 4.2%, the market may raise expectations for interest rate cuts. In this case, the likelihood of a 50 basis points rate cut is greater, and the price of Bitcoin may rise to around $116,000.
Based on the current market sentiment and various indicators, I personally tend to be bullish. It is expected that tonight the price movement of Bitcoin may show a pattern of rising first, then falling, and then rising again. Not only Bitcoin, but other mainstream Crypto Assets like Ethereum may also fluctuate accordingly.
It is worth noting that recent reports have indicated that certain institutional investors are increasing their holdings of Bitcoin, which may have additional impacts on the market. However, investors still need to be cautious, closely follow the market reaction after the release of non-farm payroll data, and adjust their investment strategies in a timely manner based on actual conditions.
Regardless, this weekend will be a pivotal moment full of uncertainties for the Crypto Assets market. Investors should remain vigilant and be ready to respond to potential market fluctuations.
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MoonRocketman
· 19h ago
The launch window is ready, the orbital parameters are perfectly matched, just waiting for the RSI to break the critical point.
View OriginalReply0
HodlVeteran
· 19h ago
The feeling of an old sucker tells me it’s time to go all in again.
Economists are closely following the upcoming February non-farm payroll data, which will have a significant impact on the employment market and the Crypto Assets market.
Analysis shows that if non-farm payrolls increase by less than 40,000 and the unemployment rate is between 3.9% and 4.1%, it may raise market concerns about the employment situation, and the price of Bitcoin could drop to around $107,600.
On the contrary, if the number of jobs increases between 45,000 and 70,000, and the unemployment rate is in the range of 4.1% to 4.2%, the market may raise expectations for interest rate cuts. In this case, the likelihood of a 50 basis points rate cut is greater, and the price of Bitcoin may rise to around $116,000.
Based on the current market sentiment and various indicators, I personally tend to be bullish. It is expected that tonight the price movement of Bitcoin may show a pattern of rising first, then falling, and then rising again. Not only Bitcoin, but other mainstream Crypto Assets like Ethereum may also fluctuate accordingly.
It is worth noting that recent reports have indicated that certain institutional investors are increasing their holdings of Bitcoin, which may have additional impacts on the market. However, investors still need to be cautious, closely follow the market reaction after the release of non-farm payroll data, and adjust their investment strategies in a timely manner based on actual conditions.
Regardless, this weekend will be a pivotal moment full of uncertainties for the Crypto Assets market. Investors should remain vigilant and be ready to respond to potential market fluctuations.