The roller-coaster ride just ended, and is tonight’s Nonfarm Payrolls report about to stir things up again?
The market action over the past couple of days has probably left quite a few of you reeling. First came a sudden, unexpected plunge, followed by a furious V-shaped rebound. Bitcoin (BTC) and U.S. tech stocks went on an extreme roller-coaster ride. As both bulls and bears got wiped out, liquidations were ringing out left and right.
These extreme swings are essentially a sign of highly unstable market sentiment, with funds aggressively shaking out positions. And tonight at 9:30 p.m., the U.S. October Nonfarm Payrolls report (expected job growth: 65,000; unemployment rate: 4.2%) takes center stage.
With the data release coming amid recent volatility, tonight’s market is set to be “hell mode.” Any surprise against expectations could easily trigger even more extreme price wicks.
💡 Haoyuan’s practical advice:
1. Drop the gambler’s mindset: In markets like these, don’t bet on a one-way surge or plunge the moment the data is released.
2. Keep your hands off the buttons and wait for the right levels: The more chaotic the market, the more patience you need. Better to miss a trade than make a bad one. Look to place orders around key support and resistance levels.
3. Risk management is non-negotiable: After major swings, the last thing you want is to go all in. You only get one principal—survive first, so you can catch the trend later. #美股一夜蒸发超2万亿，多家对冲基金面临清算 $BTC $ETH $ZEC
Tonight is bound to be anything but quiet. Stay alert, everyone, and good luck!🙏
The market action over the past couple of days has probably left quite a few of you reeling. First came a sudden, unexpected plunge, followed by a furious V-shaped rebound. Bitcoin (BTC) and U.S. tech stocks went on an extreme roller-coaster ride. As both bulls and bears got wiped out, liquidations were ringing out left and right.
These extreme swings are essentially a sign of highly unstable market sentiment, with funds aggressively shaking out positions. And tonight at 9:30 p.m., the U.S. October Nonfarm Payrolls report (expected job growth: 65,000; unemployment rate: 4.2%) takes center stage.
With the data release coming amid recent volatility, tonight’s market is set to be “hell mode.” Any surprise against expectations could easily trigger even more extreme price wicks.
💡 Haoyuan’s practical advice:
1. Drop the gambler’s mindset: In markets like these, don’t bet on a one-way surge or plunge the moment the data is released.
2. Keep your hands off the buttons and wait for the right levels: The more chaotic the market, the more patience you need. Better to miss a trade than make a bad one. Look to place orders around key support and resistance levels.
3. Risk management is non-negotiable: After major swings, the last thing you want is to go all in. You only get one principal—survive first, so you can catch the trend later. #美股一夜蒸发超2万亿，多家对冲基金面临清算 $BTC $ETH $ZEC
Tonight is bound to be anything but quiet. Stay alert, everyone, and good luck!🙏
