Yes, there are two major "traps" waiting in the market today that could trigger a sudden drop, even with the good NVIDIA news.
Since i m in Iraq, i need to watch these specific times this afternoon/evening, as they will dictate market volatility.
1. The "Zombie" Jobs Report (High Risk)
* Time: 4:30 PM Your Time (Iraq) / 8:30 AM ET
* The Risk: Due to the recent U.S. government shutdown, the Labor Department is releasing the September Jobs Report today. This is highly unusual—the data is 7 weeks old ("Zombie data"), but algorithms don't care.
* Crash Scenario: If this report shows that unemployment was actually much higher than we thought back in September, it could reignite "Recession Fears." Crypto often crashes when recession fears spike because investors sell risky assets to hoard cash.
* What to Watch: If the "Non-Farm Payrolls" number is surprisingly low (below 50k), expect a quick red candle.
2. Retail Earnings "Recession Signal"
* Time: Right Now / 3:00 PM Your Time (Iraq)
* The Event: Walmart (WMT) is releasing earnings.
* Why it matters: Target (TGT) released bad earnings yesterday and crashed, dragging markets down. If Walmart also says "the US consumer is weak," it confirms that the economy is slowing down.
* Correlation: Bitcoin has been very sensitive to "consumer weakness" news. If Walmart misses expectations, it could dampen the excitement from NVIDIA and pull Bitcoin down.
3. The "Death Cross" (Technical Risk)
* While not "news," a technical pattern called a Death Cross (50-day moving average crossing below the 200-day) has been forming on Bitcoin's chart.
* Traders are looking for any bad news (like the events above) to justify selling based on this pattern.
Summary Checklist for Today (Iraq Time)
| Time | Event | Bullish Outcome (Prices Rise) | Bearish Outcome (Prices Drop) |
|---|---|---|---|
| 3:00 PM | Walmart Earnings | Revenue beats expectations. | Weak guidance/misses revenue. |
| 4:30 PM | US Jobless Claims & Delayed Jobs Data | Data matches expectations. | Surprise jump in unemployment. |
| 5:30 PM | US Stock Market Open | NASDAQ opens Green. | NASDAQ opens Red (sells off). |
Recommendation: Be very careful entering long positions (buying) between 3:00 PM and 5:30 PM Iraq time. The market will be "choppy" as it digests this weird mix of old and new data.
#BTC #solana #alert