Non-farm fryer! The data is so bad that the Federal Reserve can't sit still, and a rate cut in September has become a foregone conclusion? Bitcoin is set to hit $120,000 tonight!
The U.S. non-farm data for August has completely exploded! Only 22,000 new jobs added (expected 75,000), and the unemployment rate skyrocketed to 4.3%, hitting a nearly two-year high! This set of data is so bad that even the Labor Department had to overnight revise the July data— the job market is no longer 'cooling down' but is in a free-fall collapse!
The Federal Reserve now only has one way to go: a rate cut in September!
Market betting odds have instantly soared to 98%, and Wall Street capital has crazily rushed into safe-haven assets.
Bitcoin surged over $2,000 within an hour, with on-chain whale addresses scooping up 18,000 BTC (worth over $2 billion)!
Beware of the capital trap within a trap
15 minutes before the data release, a mysterious institution surprisingly laid out $5 billion in short positions (suspected to bet on the data explosion)—Sun Yuchen was blacklisted, and the new Nasdaq regulations are all smoke and mirrors; the real harvesting has just begun!
Tonight's operation guide
Bulls: Increase positions on pullbacks, target 120000→125000
Bears: After the non-farm good news is fully released, ambush short positions
