This weekend, the cryptocurrency market may face significant volatility due to a series of important events occurring. Investors need to be particularly cautious when trading, as this could be a time of strong price fluctuations, low liquidity, and increased risks.
Three important events that could impact the market
Nonfarm report on Friday (1/3)
The US nonfarm employment report (#NonFarmPayRolls ) is often an important economic indicator that directly affects the monetary policy of the Federal Reserve (FED).
If the Nonfarm figures are better than expected, the market may expect the FED to maintain high interest rates for longer, causing funds to withdraw from risk assets like crypto.
Conversely, if the report is less favorable, the likelihood of the FED cutting interest rates early may increase, creating conditions for Bitcoin and altcoins to grow.
FED speech on Saturday (2/3)
The FED will have an important speech, which may provide additional signals about upcoming monetary policy.
If #Fed maintains a hawkish stance, the market may continue to adjust, especially with high-risk assets like crypto.
Announcement about the US Crypto Reserve Fund
White House Crypto Advisor, David Sachs, revealed that the US will announce more information about the Crypto Reserve Fund at the crypto conference on Friday.
If this fund is positive, it could boost market sentiment and help crypto experience a recovery. Conversely, if the related regulations are too strict, it could create strong selling pressure on the market.
Note the risks when trading over the weekend
High volatility, low liquidity: At the weekend, the market often has lower trading volumes, increasing the risk of price manipulation. A strong dump or pump can happen with just a small amount of capital.
Unexpected reactions to news: The above information can strongly impact investor sentiment, causing unexpected volatility that cannot be predicted.
Safety strategy: Investors should consider reducing leverage, setting appropriate stop-losses, and avoiding FOMO in sudden fluctuations.
Conclusion
With a series of important events about to occur, this weekend will not be an ideal time to trade crypto without a good risk management strategy. Investors need to calmly monitor market developments and wait for trend confirmation before making decisions.
🚨 Risk warning: Investing in cryptocurrency always carries high risks. You should research thoroughly, not use capital you cannot afford to lose, and always have an appropriate risk management strategy. #anhbacong