$STO 🔥🔥🔥Bitcoin Breaks Through but Doesn't Rise? Major Event Warning!
Why isn't Bitcoin rising after the breakthrough? Has the market cooled down? Don’t worry, tonight the U.S. will make a big move by announcing the unemployment rate and the non-farm payroll data. We'll soon find out how the U.S. economy is doing, but first, let’s take a look at a chart.
The market hopes the unemployment rate will stabilize, which is a good sign. However, considering tariffs, I think the unemployment rate might rise to 4.2% or even 4.3%. A gradual increase isn't necessarily bad; it could relieve inflation and might allow the Federal Reserve to cut interest rates.
However, if the expected number of jobs drops too much, it could be halved, which is not good. Unemployment data is like a double-edged sword; a moderate increase could encourage a rate cut, which is a small positive; but if the unemployment rate soars and job numbers plummet, the market will panic.
Right now, the market seems a bit optimistic, and U.S. stocks have seen slight gains pre-market. But to truly understand the situation, we have to wait for the data to be released at 8:30 PM tonight. I (Shu Qin) will let everyone know as soon as possible, so remember to follow me~🐰🐰
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