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Attention everyone! The U.S. non-farm payroll data is coming tonight, and this is a big event that directly affects whether Bitcoin will go up or down next. Most likely, you'll be staying up late to watch the market!
Did you know? This time, the non-farm employment expectation is only 62k, less than half of last month's 178k, and the unemployment rate is still expected to be 4.3%. What does this mean? If the employment data is poor, people will think the Federal Reserve should cut interest rates, and high-risk assets like Bitcoin are likely to skyrocket; but if the data exceeds expectations, hopes for rate cuts will be dashed, and the crypto market will probably drop sharply again!
The market is already starting to struggle, with Bitcoin fluctuating around $80k. Currently quoting at $79,500, down 1.52%. The bulls are clearly losing strength, just waiting for the data to give a definitive answer!
This is what I often call “news-driven trading,” where the market’s fate is decided by the news. Now is not the time to blindly buy the dip or hold onto positions stubbornly, or you might wake up to find everything gone! Don’t jump in on a small rebound and get caught by a sudden drop, nor hold onto short positions blindly betting on the direction—nobody can predict the outcome before the data is released!
Tonight’s volatility will definitely be huge, both longs and shorts could lose money. The most important thing now is to control your hands and set proper stop-losses! If you want my real-time analysis and clear guidance, jump on board now. Tonight’s non-farm battle is your chance to seize opportunities!