Phyrex
Phyrex|May 02, 2025 20:07
On the last day of the workday, the last short-term trouble was also resolved. Friday's non farm payroll data was good, and the unemployment rate continued to remain at last month's 4.2% and did not continue to rise. This is considered positive for the US economy, as it has just passed the GDP crisis. The unemployment rate also made the April economic data not too bad. Although the employment data was lower than the previous value, it exceeded expectations, especially after revising down the previous value data, the gap is even less significant. Only the wage level has slightly decreased, with the annual rate remaining the same as last month and the monthly rate decreasing by 0.1%. This data is also welcomed by the Federal Reserve, so this non farm payroll data has helped the United States get rid of the troubles of economic recession in the short term. Although there may still be some downward trend, it has also been labeled as a mild downward trend. The risk market has also risen again as a result, and the first goal is to return to the decline caused by tariffs on February 25th. Currently, there is still about 5% room for improvement. Before the US stock market closed, both the Nasdaq and S&P rose by more than 1.5%, and BTC remained relatively stable around $97000. Especially today is Friday, and market sentiment will dominate in the next two days. Today is still a day of wrangling between the United States and China on the issue of tariffs, but the issue of tariffs has been sufficiently expected by the market. It seems that as long as Trump does not scare us, it will not have much impact. But it is precisely because of this, the market's expectation of the Federal Reserve's interest rate cut is also declining, from four times to three times, and the Federal Reserve is no longer expected to cut interest rates in June. Looking back at the data of Bitcoin, the market performance is still relatively flat, but short-term investors have shown signs of early exit, and the turnover rate has increased slightly. After all, BTC worth over $97000 has already helped investors who were trapped in the first quarter recoup their capital. If there is still bottom fishing in the first quarter, there will still be good profits now. Furthermore, as mentioned earlier, the range of $93000 to $98000 is both a stable bottom position and a current resistance level. Currently, BTC in this range has accumulated over 2.6 million coins, which is almost the overall liquidity of the short-term market. As long as investors in this range do not experience a collapse, there is still good optimism in the price. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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