The timing is perfectly aligned—non-farm payrolls help BTC take off!

The July US non-farm payroll data has been released, and the results fully match my expectations!

The non-farm payroll data trend for May and June—this is the watershed moment during the US-Canada-Mexico World Cup period. June non-farm payrolls were definitely going to be revised cold. Now that the results are out, they confirm my judgment! June non-farm payroll data came in far below expectations, with only 57k new jobs added, well below the market forecast of 110k. The unemployment rate remained unchanged at 4.2%.

  This weak non-farm payroll data directly caused the market to sharply cut its expectations for the Fed’s rate hikes this year. The US Dollar Index plunged on the news. BTC finally shed the chains that had been suppressing it, and surged higher in the move—an enormous rally completely within my control.

On the daily chart, there are two consecutive bullish candles at the bottom. If price runs above 616 today, then it will form three consecutive bullish candles—this is the most standard bottoming pattern. Moreover, the bullish candle will directly break through the strong resistance of the Bollinger Bands’ middle track. Following this pattern, the subsequent upswing will head straight for the upper Bollinger Band.

BTC trading recommendation: go long at 60300-60800, defense 800 points, target 622 breakthrough, then watch 628-633#非农爆冷打压加息预期 $BTC ‌