#非农就业数据 Is that a huge waterfall above our heads, or is it another surge north?
The calm before the storm: today’s intraday market has basically been consolidating at high levels, unable to move up or down, with no very suitable entry point. Most likely everyone is waiting for tonight’s major non-farm payrolls data.
In fact, when the data is released, there are basically only two directions: either the data comes in below expectations, which is bullish for crypto, or it comes in above expectations, which is bearish. My personal view leans more toward bullish data, but it will most likely spike upward first and wipe out both long and short high-leverage positions.
Right now, the upside for setting up long positions is limited. Sister Min personally does not recommend chasing shorts at the current level. If you want stability, waiting for the data is the safest choice!!
Therefore, my suggestion is to stay on the sidelines before the data comes out, wait for the release, and wait for the direction to become clear. I will sync it to the chatroom and the square as soon as possible, with specific entry/exit points prioritized in the chatroom!!
The calm before the storm: today’s intraday market has basically been consolidating at high levels, unable to move up or down, with no very suitable entry point. Most likely everyone is waiting for tonight’s major non-farm payrolls data.
In fact, when the data is released, there are basically only two directions: either the data comes in below expectations, which is bullish for crypto, or it comes in above expectations, which is bearish. My personal view leans more toward bullish data, but it will most likely spike upward first and wipe out both long and short high-leverage positions.
Right now, the upside for setting up long positions is limited. Sister Min personally does not recommend chasing shorts at the current level. If you want stability, waiting for the data is the safest choice!!
Therefore, my suggestion is to stay on the sidelines before the data comes out, wait for the release, and wait for the direction to become clear. I will sync it to the chatroom and the square as soon as possible, with specific entry/exit points prioritized in the chatroom!!
