$BTC
Will it break 100K tonight?
The real bull market is still far away!
My opinion remains unchanged, it's still a rebound
How tonight's data will affect the market:
• Unemployment rate exceeds 4.2%: On the surface, it indicates the economy is not doing well, and the Federal Reserve might be anxious to cut interest rates, which is positive for the crypto market.
But some are afraid the economy will collapse, so they might panic and sell their coins, leading to a drop instead.
However, if Arizona really adopts Bitcoin as an 'official reserve' next week, then it's not impossible for Bitcoin to surge to 100K.
• Unemployment rate below 4.3%: It indicates the economy is still doing okay, and interest rate cuts won't come so quickly. However, market sentiment shouldn't be too bad, as everyone's enthusiasm for buying coins is still present recently.
Be cautious about shorting tonight; even if the data looks poor, Bitcoin is currently very strong. If institutions take action, a sudden drop followed by a spike isn't impossible, so be patient and wait for the situation to clarify!
Follow Hashini for the first interpretation tonight~