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Non-farm countdown~, just ask if you're not scared
Actually, no need to panic, there's a high probability that interest rates won't be raised in July. June saw a sharp drop, which already priced in the rate hike expectations. Markets love to front-run expectations.
July is very likely to see a market correction and rebound.
Non-farm data will be released at 20:30 Beijing time on Thursday, July 2. The market is focused on whether there will be major changes in the data, and the Fed continues to signal inflation. In fact, the global macro situation has improved somewhat. The US-Iran agreement has made further progress. Navigation through the Strait of Hormuz is open, oil prices have dropped to the low $7 range, gold has fallen, and geopolitical tensions have further eased. Non-farm data is likely to meet market expectations.
At the same time, although the Supreme Court confirmed the Fed's independence and prevented the dismissal of Governor Cook, the wording of the ruling may lay the groundwork for future legal challenges. Trump has stated that he will take action regarding Cook's qualifications, indicating that Trump prefers to keep interest rates unchanged or cut them. The most likely outcome at present is to keep rates unchanged.
On July 1, Bitcoin, Ethereum, and SOL all rose at the start, signaling that some in the market have quietly positioned for a long direction in advance. In July, just buy on dips.
Bitcoin is expected to break through 72,000.
Ethereum is expected to break through 1,900.
SOL is expected to break through 90 and above.
What do you think? #btc