Tonight, the non-farm payroll report is coming in strong!
The non-farm data is about to be released, the U.S. job market continues to be active, while the unexpected rise in the PCE inflation data has significantly cooled down market rate cut expectations. As a result, the prices of Bitcoin, Ethereum, and altcoins have consecutively declined.
However, this kind of market situation often occurs at a critical point of opportunity: if the non-farm data signals a positive outlook, the market is likely to start a rebound and recovery over the weekend; even if the data falls short of expectations, the prior market correction has sufficiently released risks, and there may be the best buying opportunity hidden in the current volatility.
In fact, the current decline provides a better entry opportunity. For spot traders, it might be worth considering to accumulate positions gradually at the bottom, waiting for the next wave of upward movement.
Tonight's non-farm data is crucial for the market trend!
