Tangled market
The market has been very tangled recently. Bitcoin and Ethereum have been flowing in for 19 consecutive days, setting a record, and the total market value has exceeded 62.8 billion US dollars.
With the horn of Europe's interest rate cut, it was thought that it would hit a new high, but the Americans gave a magical non-farm data. The expected 180,000 jobs were directly reduced to 272,000. It seems that the job market is very good. Looking back, the unemployment rate has risen to 4%. The Americans have integrated the use of "flexible employment". Short-term jobs are also jobs, and illegal immigrants are also jobs.
High interest rates have made American banks breathless and constantly put pressure on the Federal Reserve. But it is obvious that they are not fully prepared for the interest rate cut, so it is better to lie flat.
Give the market another magical data: expected interest rate cuts, everyone guessed, and everyone was confused. Facing the big negative, the market did not have a trace of waves. Was it digested by the good business data? .
Do you think this is over? Facing the open positions of 33 billion US dollars in Bitcoin across the network, if you don't do something, won't the data be in vain? A waterfall came down in the early morning, and the entire network was liquidated for 270 million.
The faucet of Wall Street kept the big cake strong, but the cottage fell all the way. Retail investors were confused, and the market was confused. It was very entangled whether to take action or not, but I advise you not to be entangled for now. The CPI data and interest rate meeting on the 13th are coming soon. This week is destined to be uneasy.
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