#BTC
《Unemployment Benefits Strike — Intensifying Market Volatility》
The overall market began to significantly adjust early this morning, and determining the bottom has become a current consideration. After the unemployment data is released, where will the market go next? This morning's advice to reduce overall positions has made many feel comfortable now, providing more opportunities for choices.
For the week ending June 7, the number of initial unemployment claims in the U.S. was previously 24.7, with market expectations at 24, and the reported value at 24.8, which is good news.
The rise in unemployment claims is also related to the turbulent situation; with the current market, this high number will not lead the Federal Reserve to cut interest rates, but rather generate concerns about economic recession.
For those of us optimistic about the second half of the year, any low buying and high selling is expanding our profits. Now we just need to wait patiently for Bitcoin and Ethereum to stabilize before replenishing our positions.