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Sponge Evolution Theory
Crypto Newbie
1d ago
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Tonight at 10:00 PM, the US non-farm payrolls data will be released. Market consensus is that August's non-farm payrolls will increase by approximately 180,000 jobs, with the unemployment rate likely to remain around 4.3%. However, employment data has weakened in recent months, with June and July figures revised downward. If tonight's data falls far short of expectations, panic could erupt. Market Logic: Stronger-than-expected data → Market concerns about a Fed rate hike could pressure the cryptocurrency price in the short term. Weaker-than-expected data → Expectations for a rate cut rise, but long-term interest rates remain high, putting pressure on valuations and limiting potential for a price rebound. Closer to expectations → Possible initial fluctuations, with subsequent market activity dependent on capital flow and market sentiment.
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