Two data releases are coming out at 9:30 tonight: the unemployment rate and nonfarm payrolls. The direction of both U.S. stocks and $BTC has already turned downward. Whether the data beats or misses expectations, it won’t change the short-term downtrend.
If the data is positive, they’ll put on a show and bounce before falling again.
If the data is negative, they won’t even bother with a show—they’ll fall straight away.
Short-term market sentiment is being hit very hard. Many people want to buy the dip, but my advice is to take a chance with a small position; if you’re looking to put on a large position, wait a little longer.
If the data is positive, they’ll put on a show and bounce before falling again.
If the data is negative, they won’t even bother with a show—they’ll fall straight away.
Short-term market sentiment is being hit very hard. Many people want to buy the dip, but my advice is to take a chance with a small position; if you’re looking to put on a large position, wait a little longer.
