Can tonight's ADP non-farm payrolls break the consolidation pattern of the major trend and reveal a clearer direction?
Please pay attention to the data release at 20:30 tonight (expected 23.5)
Referencing the number of initial jobless claims in the U.S. for the week ending May 31 (in ten thousand), previous value 24
BTC daily level: The market showed slight fluctuations and consolidation on Wednesday, indicating a converging pattern, possibly influenced by tonight's and Friday's U.S. initial jobless claims and non-farm payroll data expectations. The market may be waiting for the data release to clarify direction. Currently, attention should be paid to the resistance level of 107,000; if broken, it may test 110,000; if obstructed and falls back, the support level of 103,000 needs to be observed.
It is advisable to pay attention to the data results and market reactions, and to cautiously assess the subsequent trends.
Disclaimer: The content of this article is for informational sharing only and does not constitute investment advice. The cryptocurrency market is highly risky and volatile, so investment decisions should be made with caution.
