Brothers, have a good weekend. This week we experienced a significant correction after a rebound.
One wave of bad news after another.
1. Initially, the job vacancy data greatly exceeded expectations.
2. Then there were reports that the U.S. plans to sell 6.5 billion USD worth of BTC to crash the market.
3. Yesterday, the non-farm payroll data again greatly exceeded expectations, and U.S. Treasury yields skyrocketed.
After next week's strong non-farm payroll, the CPI will make a significant appearance!
On Wednesday, the CPI for December will be released at 9:30 PM.
It is expected that the cryptocurrency market will not rise significantly before the CPI is released.
After the CPI is released, there are two scenarios:
(1) Either unfavorable news will land, resulting in a small drop, followed by a rebound due to expectations of Trump taking office.
(2) Or, due to the CPI not meeting expectations, it may benefit the cryptocurrency market and lead to a rebound.
Thus, the probability of an increase next week is greater than that of a decrease.
Because Trump is expected to impose tariffs on trade partners after taking office,
and the Federal Reserve is expected to continue slowing down the pace of interest rate cuts,
On Friday, the non-farm payroll data greatly exceeded expectations, causing the dollar to surge in the short term.
This week closed at 109.64, marking six consecutive weeks of gains.
Yesterday we mentioned that the current interest rate cut expectations have dropped to freezing point.
Expectations regarding tariff policies after Trump takes office have also been released.
If subsequent data or proposed policies can reverse expectations,
Therefore, it is highly likely that BTC will return to high levels.
These days are all about patiently waiting,
Do not lose your bottom positions.
