The cryptocurrency world will not sleep tonight! Non-farm payroll data + interest rate cut expectations are coming, is the market about to change?
Tonight at 8:30 PM, the U.S. initial unemployment claims data will be released. The market has already entered a "state of readiness" because this data directly relates to whether the Federal Reserve will cut interest rates in September (currently betting at 87.2%).
The logic is simple:
Data comes in weaker than expected → Employment worsens, giving the Federal Reserve more reason to cut interest rates, leading to a depreciation of the dollar, a release of liquidity, and the cryptocurrency market may experience a strong rally.
Strong data performance → Rate cuts may be delayed, the dollar strengthens, funds flow out, and the cryptocurrency market is likely to plunge.
In a bearish scenario, Bitcoin may test key support levels, while altcoins may struggle; in a bullish scenario, the dollar index may retreat, and the crypto market may see a surge, with a potential wave of liquidations.
Don’t forget, tonight is just a prelude; the real main events are the FOMC meetings on September 17 and October 29. If tonight’s data solidifies rate cut expectations, September will likely welcome a “rate cut bull market”; conversely, the market may fall into repeated fluctuations.
The cryptocurrency world will undoubtedly be restless tonight; whether it’s a feast or a beating depends on the “face” of the Federal Reserve!
Throughout the day, Yao Ge will continue to position for Shen Dan and will notify at the first suitable opportunity!
