US Employment Data Explodes! 235,000 Unemployed Workers Looming, Is the Crypto Market About to Change?
Solid Data Explosion:
The freshly released number of initial unemployment claims in the US is 235,000, which not only far exceeds the expected 225,000 but also shows a significant increase of 11,000 from the previous value of 224,000! This five-star important data has directly ignited the market—gold, silver, and oil have soared, but the crypto market might be in trouble!
Warning of a mass capital exodus: History does not lie! When the unemployment data unexpectedly dropped in March this year, Bitcoin plummeted 8% that day, and 50,000 retail investors were liquidated. This data is even worse, and large investors will definitely run away first!
Expectations for Fed Rate Cuts Rise: A weak job market = a signal to end interest rate hikes. Following the release of June data, CME rate futures showed a soaring 78% chance of a rate cut in September, and BTC subsequently surged 15% in the following week!
Main Players Taking the Opportunity to Wash Positions: Every time economic data is released, it’s a good opportunity for the big players to harvest. Looking at the August non-farm data, BTC first dropped 5% before violently rallying 10%, perfectly harvesting leveraged long positions!
Blood and Tears Case:
Do you remember the Silicon Valley Bank collapse in 2023? As soon as the unemployment data was released, USDT instantly traded at a 3% premium, indicating that a large amount of capital was fleeing the crypto market! But in the following three months, BTC skyrocketed from $19,000 to $30,000—smart people were waiting to buy the dip after the negative data was fully priced in!
Short-term Bearish: Within 24 hours after the data release, BTC is highly likely to test the support level of $28,000.
Medium-term Bullish: When the Fed is forced to shift to an easing stance, cryptocurrencies will become the biggest winners!
Follow for precise dip-buying coordinates! #名人MEME热潮
Public Account: Key to Blockchain Next Stop Turnaround
