The big possibility is coming.
Tonight at 21:30, the non-farm payroll and unemployment rate will be announced. Every time the data comes out, the market tends to move significantly. It's common for cryptocurrencies and forex to fluctuate a hundred or two points back and forth; don’t think it’s exaggerated.
The core focus of the market right now is actually just one thing: when will the Federal Reserve cut interest rates?
So if the data is weak, it indicates that the economy is cooling down, and the expectation for interest rate cuts will be amplified.
For stocks and cryptocurrencies, this is neutral to slightly positive, but it puts pressure on the US dollar. This logic is sound.
However, it also depends on the situation. If it's only slightly weak, the market is likely to oscillate first and then gradually move in the expected direction. If it's weak to an outrageous extent, a surge in risk aversion could lead to a sharp decline in the short term, which is also normal.
As for last night’s previous drop, it does count as a partial release of emotions in advance.
Many times, the market behaves like this: it drops first to show you, and when the actual data comes out, it may not drop much at all, or even move in the opposite direction.
But this is not a guarantee; it’s just a probability.
So on such data nights, the key is not whether you are bullish or bearish, but rather not to bet heavily in advance.
When the market provides opportunities, taking action then is much more important than betting once on right or wrong.
Stay steady, survive, and there will be the next wave.
I am Lao Zhang, skilled in short to medium-term contracts and medium to long-term spot layouts, sharing investment techniques daily and providing detailed strategy teaching points. Friends who don’t understand can contact me anytime for communication! @老张趋势