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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🎉【Gate Singapore Flagship Events · Square Fun Quiz Challenge Day 2】
Square fam! The Gate Singapore flagship events kick off on Oct 1, and the Token of Love stage at Gardens by the Bay is about to set the vibes on fire! 🎶
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This is more than a fan party—it’s the m - 💥 Gate Square Event: #PTB Creative Contest# 💥
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Minimum 80 words
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Include CandyDrop or Launchpool participation screenshot
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🥈 Top 2: Bulgari - 🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
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To join: Comment your answers (format: 1B 2A 3B 4C)
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📖 Day 1 · Quiz (Single Choic
#Nonfarm Payrolls Incoming#
The announced US Non-Farm Payroll (NFP) data came in weaker than expected: only 22,000 new jobs were added in August, while the market expectation was around 75,000. The unemployment rate also rose to 4.3%.
According to my comment:
• Weak employment figures are strengthening the possibility of a Fed rate cut. This expectation may be priced in more, especially at the mid-September meeting.
• Macro data is giving mixed signals for the market. I think it's necessary to be a bit patient at this point.
BTC & ETH Outlook
• Bitcoin (BTC) is currently around $110,580. If this area acts as support, we may see an upward relief rally.
• Ethereum (ETH) is at $4,291 levels and is managing to stay above the $4,250 support. However, we need to see resistance breakouts for a sustained rise.
What Am I Doing?
I don't rush on days like this. First, I wait for the market to digest the NFP data.
• I am looking at whether BTC and ETH are maintaining their support levels.
I only consider trading when I see a clear breakdown.
So do you think this NFP data will start a new trend for crypto, or will it just be a short-term fluctuation?
This is not investment advice.
#BTC# #ETH#