Was last night's non-farm payrolls bullish or bearish?
Last night, the much-anticipated September non-farm payrolls data from the United States was about to be released. This is by no means just an ordinary data release, but a night of sudden changes in the investment community. If the unemployment rate, a key number that affects the hearts of countless people, is higher than the market's expected 4.2%, then the hope of a rate cut will spread like wildfire. However, behind this may be the shadow of economic recession, people facing financial difficulties, and an unstable social atmosphere. This is undoubtedly a fierce contest with risks and opportunities.
Among them, the non-farm payrolls data has become the focus of the market. If it is lower than the expected 140,000, the door to a rate cut may be completely opened. These two key figures will directly determine the fate of the November rate cut and will also profoundly affect the direction of the currency circle.
Will Bitcoin be able to stand firm at the 60,000 mark and usher in a glorious moment, or will it fall below this important mark and fall into a thrilling moment? This is not just a data game, but also an adventure that makes people's heart beat faster.
Conclusion:
Analyze the impact of tonight's non-agricultural data on the currency circle from a technical perspective. After the release of non-agricultural data, BTC has risen by 1,200 points from last night's non-agricultural data to now, hovering between 62,000 and the market community sentiment is bullish. However, compared with the drop of 5,500 points on September 30, the increase of 1,200 points seems insignificant. It seems that small retail investors are bullish and the market makers are bearish. I guess the market makers are about to smash the market and will never break through 63,000.
