On Friday, September 5th, the big non-farm payroll report is coming. Will Bitcoin continue to face pressure at the 113,000 level or will it break through?
First of all, the small non-farm and initial jobless claims data are positive, but the data is not significantly different, while the market is declining.
Secondly, from a technical perspective, Bitcoin and Ethereum are once again facing resistance at the 11.3 and 4500 levels.
Third, the probability of the Federal Reserve cutting interest rates in September reaches 99.4%.
Overall, it's a mixed bag of joy and sorrow; now we just have to wait for the moment when the data is released.
Previous value: 7.3, Predicted value: 7.5
If the published values are not significantly different, then it leans towards the technical market trends and also looks at the performance of the US stock market.
If >7.5, then it's a bearish signal, greater than 10, it can be said to be a major bearish signal.
If <7.3, that is bullish, <5, counts as very bullish.
Of course, if you're not sure, you can place a limit order above 11.35/4480, and a limit order below 11.05/4340, subject to actual conditions... #BTC#
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On Friday, September 5th, the big non-farm payroll report is coming. Will Bitcoin continue to face pressure at the 113,000 level or will it break through?
First of all, the small non-farm and initial jobless claims data are positive, but the data is not significantly different, while the market is declining.
Secondly, from a technical perspective, Bitcoin and Ethereum are once again facing resistance at the 11.3 and 4500 levels.
Third, the probability of the Federal Reserve cutting interest rates in September reaches 99.4%.
Overall, it's a mixed bag of joy and sorrow; now we just have to wait for the moment when the data is released.
Previous value: 7.3, Predicted value: 7.5
If the published values are not significantly different, then it leans towards the technical market trends and also looks at the performance of the US stock market.
If >7.5, then it's a bearish signal, greater than 10, it can be said to be a major bearish signal.
If <7.3, that is bullish, <5, counts as very bullish.
Of course, if you're not sure, you can place a limit order above 11.35/4480, and a limit order below 11.05/4340, subject to actual conditions... #BTC#