Definition: NFP is a monthly report from the U.S. Bureau of Labor Statistics that shows how many jobs were added or lost in the non-farm sector (excluding agriculture and government employment).
Purpose: The report provides insight into the U.S. labor market and overall economic health. Key Features:
• Data Coverage: Includes employment data in sectors such as manufacturing, healthcare, retail, and finance. The report also shows average hours worked, hourly wages, and the unemployment rate.
• Schedule: Released on the first Friday of each month, including the previous month.
Market Impact: • Strong job growth = Positive economic signal (can boost stock prices and the U.S. dollar). • Weak job growth = Negative economic signal (can depress stocks and the dollar).
• Volatility: The release of NFP often causes sharp price changes in financial markets, creating trading opportunities.
How does NFP impact crypto?
• Indirect impact: • Market sentiment: Strong NFP data can boost investor confidence and lead to risk-taking in assets like crypto.
• Macroeconomic factors: A strong economy can lead to more disposable income, potentially increasing crypto adoption.
• Spillover from traditional markets: Changes in stocks
$BTC Don't worry, this is just a sell-off after the adjustment a few days ago and misinformation about $BTC (the US has been allowed to liquidate 69,000 BTC from Silk Road)
$BTC $BTC perseverance is the key to success! Currently, BTC is in a critically important area, the 98k - 99k region, which is a psychological resistance level where retail investors begin to take profits significantly at this stage. And currently, BTC is showing extremely blatant accumulation behavior from institutions in this price range as at the 98-99k level, there is no appearance of supply or demand from the institutions, and the price only trades without fluctuations in this area. You can observe this phenomenon in the previous uptrend phase of 5-12-2024 when BTC also only traded around the price level of 42k-43k below a similar psychological resistance level at the current stage. And if this scenario actually happens, then in today's session, if we see any supply pressure, however, the price does not exceed the 96.3k area (the cost price of the institutions), then we will take another step into an uptrend of BTC. According to WICKOFF, this is the final shakeout phase in the process of pushing BTC's price above the 99k-100k mark. After this phase, we should see BTC continue to fluctuate very narrowly within the 97.3 - 98k range, and the cash flow begins to absorb all the supply (profit-taking) from retail investors with gradually increasing volume, then we can start to gradually buy BTC at the price ranges after the volume is exhausted, similar to the bottoming phase at the 92.3k or 93.6k levels during the period of 31-12-2024 to 1-1-2025. Since the shakeout is very likely to occur, it is advisable for everyone to stay out for now to wait for a better entry point similar to the sessions on 31-12-2024 or 1-1-2025. Also to limit risks, as BTC may continue to re-accumulate and return to the 92k price range!
#BinanceMegadropSolv SOLV Megadrop Time: 2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC) Locked BNB Product Snapshot Time: To maximize the Locked BNB Points, users can start locking their BNB in the Locked BNB Product before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users' subscription amounts will be taken during this time. For more information on the Locked BNB Product, please refer to the FAQ.