Black Swan Event: The Americans are quite reliable, even Federal Reserve Chairman Powell was deceived, the data report is falsified!!! $BTC
I said the market was off in the evening, except for the crypto circle, all other financial markets fell across the board, while the crypto market floated red before following the decline. The trigger for the event was the U.S. non-farm data for July, which showed: employment numbers plummeted to 70,000, falling short of expectations, a sure good news turned bad. Even more outrageous is that the data for May and June was also revised down significantly (this data can still be modified). Who will refer to news in the future? It's all a game played by capital, treating retail investors like Japanese people?
Non-farm data: May was revised down from 144,000 to 19,000, and June was revised from 147,000 to 14,000. In total, the added employment over these two months was reduced by 258,000. Powell must have turned pale when he saw this data 😱. The Labor Department is manipulating data like this, giving the financial market a lesson.
Especially, Federal Reserve Chairman Powell was completely stunned this time. He had previously refrained from cutting interest rates just because the data still showed some resilience, thinking it would be fine to wait and see. As a result, with the May and June data being manipulated like this, it was a slap in the face. What followed was a questioning of his entire professional career. Trump was right when he said, "No one knows interest rate cuts better than him."
Family members: Next, we will start cutting interest rates, and it is expected that there will be two rate cuts in the second half of the year, with a high estimate of 50 basis points being possible. Once the interest rates are cut, it won't be long before the market will be in a sprinting state across the board. The decline is an opportunity; don’t miss the correction in the bull market. The market has started bottom-fishing with large funds since the end of April and May. The big players are smarter than us and understand that a major bull market is coming. Just follow along and that’s it 💪#美联储利率决议 #美国初请失业金人数