9:30 AM heavy data 🇺🇸 November seasonally adjusted non-farm employment population data released, fluctuations are coming, brothers! Is everyone ready?
(A decrease in non-farm numbers indicates that companies are reducing production, leading the economy into a recession. Conversely, a significant increase in non-agricultural employment numbers reflects a strong job market, which can enhance purchasing power and consumption levels, positively driving overall economic development. Additionally, the healthy development of the economy promotes the creation of new job positions. Therefore, favorable non-farm data has a positive impact on exchange rates, and vice versa.
In simple terms for us, if non-farm data exceeds expectations, it is good for the dollar and bad for Bitcoin; if it falls short of expectations, it is bad for the dollar and good for Bitcoin!
However, from the current perspective, the result is likely just a direct drop, followed by a spike before continuing to drop, depending on the specific data results!）
