Today, the US non-farm payroll data is released, which is one of the important influencing factors in the Crypto Assets market, and it has a profound impact on the trend of Bitcoin.
From a technical analysis perspective, Bitcoin has recently shown a downward trend, but this pullback may be building momentum for a future rebound. The market has already displayed clear bottom signals, which could indicate that an upward trend is about to arrive.
Analyzing the potential impact of non-farm data, we can see two possible scenarios: if the data falls short of expectations, the Federal Reserve may lean towards adopting a more accommodative monetary policy, which would prompt investors to shift their funds towards Bitcoin, seen as "digital gold." On the other hand, if the data performs well, market risk appetite may increase, which would also benefit Bitcoin, which has high growth potential.
In the long term, the market maintains an optimistic attitude towards Bitcoin. The price target first points to $113,000, and if this level is broken, the next target may be $116,000, with the final target set at $120,000. The release of non-farm payroll data could be a key factor triggering a new round of market trends, and investors should closely monitor this timing to seize potential investment opportunities.
It is worth noting that although the market outlook is promising, investors should remain cautious and manage risks effectively. The Crypto Assets market is highly volatile, and investors are advised to make investment decisions based on their own risk tolerance.
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GasFeeCrier
· 4h ago
Waiting for this non-farm for half a day? What a hassle.
View OriginalReply0
LootboxPhobia
· 4h ago
120,000 go for it, rice eater
View OriginalReply0
ChainWanderingPoet
· 4h ago
Anyway, it won't rise to that point.
View OriginalReply0
WhaleMinion
· 4h ago
The market is a joke.
View OriginalReply0
rekt_but_resilient
· 4h ago
Wait, wait, is BTC going To da moon again?
View OriginalReply0
TokenTaxonomist
· 4h ago
statistically speaking, this nfp data is just noise in the evolutionary chart
Reply0
GateUser-a5fa8bd0
· 4h ago
The suckers in the crypto world are starting to follow the trend again.
Today, the US non-farm payroll data is released, which is one of the important influencing factors in the Crypto Assets market, and it has a profound impact on the trend of Bitcoin.
From a technical analysis perspective, Bitcoin has recently shown a downward trend, but this pullback may be building momentum for a future rebound. The market has already displayed clear bottom signals, which could indicate that an upward trend is about to arrive.
Analyzing the potential impact of non-farm data, we can see two possible scenarios: if the data falls short of expectations, the Federal Reserve may lean towards adopting a more accommodative monetary policy, which would prompt investors to shift their funds towards Bitcoin, seen as "digital gold." On the other hand, if the data performs well, market risk appetite may increase, which would also benefit Bitcoin, which has high growth potential.
In the long term, the market maintains an optimistic attitude towards Bitcoin. The price target first points to $113,000, and if this level is broken, the next target may be $116,000, with the final target set at $120,000. The release of non-farm payroll data could be a key factor triggering a new round of market trends, and investors should closely monitor this timing to seize potential investment opportunities.
It is worth noting that although the market outlook is promising, investors should remain cautious and manage risks effectively. The Crypto Assets market is highly volatile, and investors are advised to make investment decisions based on their own risk tolerance.