There will be unemployment rate + employment data at 8:30, and the market is hopeful. The panic of the Middle East conflict has now subsided, but a big rebound in the crypto world requires a reason. And tonight's data will be a very good motivation. Especially with the approaching general election, the data should not be too bad. However, I'm afraid that the market will start to interpret it in reverse, that is, if the employment data continues to be favorable information, then the Fed may not need to cut interest rates twice, so we still need to be cautious about this. However, overall, the probability of BTC pump in October is very high, even if it is suppressed in the short term, it cannot change its overall trend. Don't panic too much, the Bull Market will always start, be patient.
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There may be a turning point tonight!
There will be unemployment rate + employment data at 8:30, and the market is hopeful.
The panic of the Middle East conflict has now subsided, but a big rebound in the crypto world requires a reason. And tonight's data will be a very good motivation.
Especially with the approaching general election, the data should not be too bad.
However, I'm afraid that the market will start to interpret it in reverse, that is, if the employment data continues to be favorable information, then the Fed may not need to cut interest rates twice, so we still need to be cautious about this.
However, overall, the probability of BTC pump in October is very high, even if it is suppressed in the short term, it cannot change its overall trend. Don't panic too much, the Bull Market will always start, be patient.