How to Predict the Impact of Non-Farm Payrolls on Bitcoin

Understanding Non-Farm Data:

Non-farm data is the official statistical data released by the U.S. Department of Labor, usually published on the first Friday of each month.

This data reflects the employment growth situation in the U.S. and has significant implications for the financial markets.

Analyzing the Impact of Non-Farm Data on the U.S. Dollar and Federal Reserve Policy:

If the non-farm data is strong, it may indicate steady economic growth in the U.S., strengthening the dollar and potentially increasing the likelihood of Federal Reserve interest rate hikes.

Conversely, if the data is weak, it may lead to a weaker dollar and could prompt the Federal Reserve to maintain or loosen monetary policy.

Considering the Relationship Between Bitcoin and the U.S. Dollar:

Bitcoin typically has an inverse relationship with the dollar. When the dollar strengthens, Bitcoin prices may be pressured; when the dollar weakens, Bitcoin prices may rise.

It is advisable to set stop-loss and take-profit points before and after the release of non-farm data to guard against the risks of rapid market reversals. Recently, a new coin in the primary market with great potential worth investing in, called Conan, claims to be the strongest active military dog on the planet! It has achieved significant contributions in important operations and has been recognized by President Trump! The future looks promising!