#ETH
《The Great Non-Farm Payrolls Are Coming — Beware of Market Reversals》
When gods fight, mortals get hurt. One is the most powerful, the other the richest. The breakdown of their relationship directly affects the world economy. It's said that trading cryptocurrencies is useless without looking at the data or news. But is it really useless? The market trends over the past two days are the most intuitive reflection.
The unemployment rate in the US for May was previously 4.2%, with market expectations also at 4.2% and the published figure at 4.2%, so the impact is minimal.
The seasonally adjusted non-farm payrolls in the US for May was previously 14.7, with market expectations at 13 and the published value at 13.9, which is a slight negative.
The upcoming market trend, in the absence of news impact, will gradually repair upwards. After the negative non-farm payrolls, the probability of the Federal Reserve cutting interest rates in June will decrease, and the market will extend further.