The September Non-Farm payrolls at 20:30 Beijing time tonight is the key!
The prior PCE and the smaller Non-Farm are just warm-ups! Is the big move coming?! 🤔️ Up or down?
If the data is clearly stronger than expected, the US dollar and US Treasury yields are likely to surge higher, and the big pie will most likely get smashed.
If it’s weaker than expected, the rate-hike expectations will cool off, the dollar will give back gains, and crypto will likely pump first.
$BTC In the near term, it has been ranging around 82,000–85,000, with overhead resistance in the 85,000–87,000 zone. Support is around 81,000–83,000.
The market is clearly waiting for the Non-Farm. Both volume and volatility are being suppressed. Before the data is released, it’s impossible to see a major trend break out.
$ETH Still following the big pie. Price has been swinging around roughly 2650–2750. Before the Non-Farm data is released, the probability of a standalone move is still quite low.
$SOL has been relatively active recently. Over the past month it has risen more than the big pie and even more than Ethereum. The current price is around 118 to 123, and it looks like it’s about to test the resistance between 123 and 126. Below that, 116 to 120 has been repeatedly tested over the past few days and has been held.
Tonight’s data will cause significant volatility for the market—don’t blindly go all-in. Only after the data is released can we judge the higher-probability direction! #比特币升至8.5万美元附近 $ZEC
The prior PCE and the smaller Non-Farm are just warm-ups! Is the big move coming?! 🤔️ Up or down?
If the data is clearly stronger than expected, the US dollar and US Treasury yields are likely to surge higher, and the big pie will most likely get smashed.
If it’s weaker than expected, the rate-hike expectations will cool off, the dollar will give back gains, and crypto will likely pump first.
$BTC In the near term, it has been ranging around 82,000–85,000, with overhead resistance in the 85,000–87,000 zone. Support is around 81,000–83,000.
The market is clearly waiting for the Non-Farm. Both volume and volatility are being suppressed. Before the data is released, it’s impossible to see a major trend break out.
$ETH Still following the big pie. Price has been swinging around roughly 2650–2750. Before the Non-Farm data is released, the probability of a standalone move is still quite low.
$SOL has been relatively active recently. Over the past month it has risen more than the big pie and even more than Ethereum. The current price is around 118 to 123, and it looks like it’s about to test the resistance between 123 and 126. Below that, 116 to 120 has been repeatedly tested over the past few days and has been held.
Tonight’s data will cause significant volatility for the market—don’t blindly go all-in. Only after the data is released can we judge the higher-probability direction! #比特币升至8.5万美元附近 $ZEC
