NON-FARM PAYROLLS #NFP INCOMING DATA THIS FRIDAY! WHAT IT MIGHT IMPLY FOR CRYPTO
Well this upcoming Friday March 7th there will be highly relevant incoming data regarding the US labor markets, namely the Non-Farm-Payrolls (NFP), expected to come in at 159K, that is to say slightly up from the previous 143K reading last month
Any reading above such level might imply even further downward pressure on #BTC as well as #ETH and altcoins, in particular within the context of this highly news-driven crypto cycle, whereas any reading below such level might conversely prompt $BTC to consolidate above 90k in search of higher targets, while also getting $ETH closer to reclaimig the 2.5k level and upwards, obviously also depending on the extent to which such an outcome may have been already priced in
