$BTC
$ETH
Tonight’s nonfarm payrolls report is coming! Beyond the outlook for a December rate hike, what impact will it really have on U.S. stocks and Bitcoin?
BTC surged to 81196 before fluctuating at elevated levels, and is now at 80706; ETH surged to 2449.95 but failed to extend its gains, and is now around 2430. The similarity is clear: after the sharp rallies, neither has shown enough follow-through to the upside.
Tonight’s nonfarm payrolls report is the main event. The market expects about 65,000 new jobs, an unemployment rate of 4.2%, and average hourly earnings up 0.3% month over month. September’s payrolls rose by just 29,000, while ADP reported a larger-than-expected increase of 86,000. If employment and wage data come in strong, fears of tighter policy or even rate hikes could intensify, pushing the dollar and Treasury yields higher together and likely putting renewed pressure on BTC and ETH.
The plan remains the same: short the rebound.
BTC: watch 81000–81500;
ETH: watch 2450–2480.
Don’t chase the highs. Wait for the range to form. Before the dust settles, don’t rush to buy the dip. Tonight’s nonfarm payrolls report is coming! Beyond the outlook for a December rate hike, what impact will it really have on U.S. stocks and Bitcoin?#美国10月非农出炉：降息还有戏吗？
$ETH
Tonight’s nonfarm payrolls report is coming! Beyond the outlook for a December rate hike, what impact will it really have on U.S. stocks and Bitcoin?
BTC surged to 81196 before fluctuating at elevated levels, and is now at 80706; ETH surged to 2449.95 but failed to extend its gains, and is now around 2430. The similarity is clear: after the sharp rallies, neither has shown enough follow-through to the upside.
Tonight’s nonfarm payrolls report is the main event. The market expects about 65,000 new jobs, an unemployment rate of 4.2%, and average hourly earnings up 0.3% month over month. September’s payrolls rose by just 29,000, while ADP reported a larger-than-expected increase of 86,000. If employment and wage data come in strong, fears of tighter policy or even rate hikes could intensify, pushing the dollar and Treasury yields higher together and likely putting renewed pressure on BTC and ETH.
The plan remains the same: short the rebound.
BTC: watch 81000–81500;
ETH: watch 2450–2480.
Don’t chase the highs. Wait for the range to form. Before the dust settles, don’t rush to buy the dip. Tonight’s nonfarm payrolls report is coming! Beyond the outlook for a December rate hike, what impact will it really have on U.S. stocks and Bitcoin?#美国10月非农出炉：降息还有戏吗？