Brothers, something bigger is coming, are you ready!!!
Tonight at 8:30 PM (Beijing time), the Americans are going to release the non-farm payroll data for June, and this is a big bombshell!
As a cryptocurrency blogger, I think we need to keep a close eye on this—expectations show that new job additions are estimated to be around 110,000, which is a bit lower than last month's 139,000, and the unemployment rate might rise to 4.3% (last month it was 4.2%).
If the data turns out to be this disappointing, then the tariffs implemented by Trump are definitely hurting the job market; if the data is even worse, the hopes for a rate cut in July will soar, and $BTC will surely rush to the 110,000 mark!
Personally, I am quite optimistic—this data might just prove the harm of tariffs, and the opportunity for BTC to skyrocket is coming.
Now let’s talk about the current situation of Bitcoin. From my market observation experience, the daily chart is very strong, with the price continuously climbing, especially on July 2nd and 3rd, where it rebounded like a rocket.
On the hourly chart, after hovering around 109,000 USD for a while, it broke through directly and soon touched the 110,000 mark.
But I need to remind everyone: tonight's US market trading will close early, and market liquidity may instantly dry up!
This means the volatility will be even more exaggerated, you know what I mean—be careful not to get caught in a flash crash, I believe this is a major risk point.
In short, get ready for a roller coaster market!
