We must not forget the interest rate decision on the 8th, its importance is self-evident!
Last Friday's non-farm payroll data showed an increase of only 12,000 jobs, the lowest figure since 2020. Analyzing the current economic situation, a 25 basis point rate cut has almost become a foregone conclusion, and the rate cut cycle will continue.
Currently, the market is flush with funds, and everyone is looking for investment opportunities. In this situation, cryptocurrency is undoubtedly one of the hot options. Therefore, severe price fluctuations are inevitable in the short term, and everyone needs to be psychologically prepared for this; do not panic during market adjustments.
The most important thing is to effectively manage position risk and carry out reasonable position management, so as to be well-prepared for the next wave of price increases! #BTC00929