Tonight at 22:00, the US will release the non-farm payroll data for August, which is a key point for the cryptocurrency and other financial markets.
The market generally expects: 180,000 new jobs in August and an unemployment rate of 4.3%.
It is important to note that the data for June and July has been revised down, reflecting a weakening employment trend. If the actual data deviates significantly from expectations, it will trigger intense market sentiment and volatility in cryptocurrency prices, with specific impacts as follows:
Above expectations: Strong employment → Interest rate hike risks remain → Short-term pressure on cryptocurrency prices.
Below expectations: Expectations for interest rate cuts rise → Cryptocurrency prices may rebound slightly, but long-term high interest rates and asset pricing pressures still exist, limiting rebound space.
Close to expectations: Cryptocurrency prices fluctuate within a small range, with subsequent direction depending on capital inflows and market sentiment.
In summary, this data does not directly determine the bull or bear market in cryptocurrency, but it will influence short-term fluctuations. Investors need to rationally observe the data and the market's reaction before making decisions.
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