The non-agricultural data will be released soon. The forecast value this time is 3.6%. The small non-agricultural ADR of the past few days exceeded expectations. If according to the ADR estimate, the non-agricultural data this time is also very strong, which is relatively negative. Because it may lead to the possibility of raising interest rates in September or extending high interest rates.

However, the long-term trend is still bullish, and the only thing to worry about is the market makers’ liquidation pain points according to the liquidation chart.

Market makers took advantage of the bad news and cooperated with the liquidation at the 29500 position at the top and the 28700 position at the bottom.