Non-farm payroll data revealed, Bitcoin plummets after a 'trap' play
Last night, the highly anticipated non-farm payroll data was finally released, but Bitcoin did not experience the significant fluctuations that the market expected. However, this does not mean that the market was calm. On the contrary, a 'trap' play is quietly unfolding.
Shortly after the data was published, the price of Bitcoin suddenly surged, briefly breaking through the 91,000 mark. However, this was only a momentary celebration. Subsequently, the price of Bitcoin plummeted like a kite with a broken string, falling sharply in a series of downward trends, catching many investors off guard.
By the end of the morning session, the price of Bitcoin had stabilized around 86,000, having dipped to that level at one point. However, this was not the end. After the opening, the price of Bitcoin continued to drop, with a low point reaching 85,000, causing the market to panic once again.
The impact of the non-farm payroll data on the entire crypto space is undoubtedly huge. It not only made investors reevaluate market trends but also allowed some sharp investors to seize rare trading opportunities.
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