In the month, nonfarm payrolls increased by only 29,000 and the unemployment rate rose to 4.2%. Treating this weak data as a bearish signal is completely the wrong logic.
With employment suddenly screeching to a halt, it directly brings the market’s expectations for looser rate cuts into the open. Once the sluice gate loosens, the first liquidity to overflow will always be the high-elasticity risk assets.
As for DOGE’s monthly chart, after a long period of consolidation, it has already been pushed down to a relatively low level. The more thoroughly the bottom is formed, the less resistance there will be when liquidity reverses direction and surges in.
The liquidity forced out by macro conditions is on the way. And the DOGE that has been absorbed at the bottom is exactly positioned at the point where the water flow is easiest to lift.
#DOGE
With employment suddenly screeching to a halt, it directly brings the market’s expectations for looser rate cuts into the open. Once the sluice gate loosens, the first liquidity to overflow will always be the high-elasticity risk assets.
As for DOGE’s monthly chart, after a long period of consolidation, it has already been pushed down to a relatively low level. The more thoroughly the bottom is formed, the less resistance there will be when liquidity reverses direction and surges in.
The liquidity forced out by macro conditions is on the way. And the DOGE that has been absorbed at the bottom is exactly positioned at the point where the water flow is easiest to lift.
#DOGE