Bitunix analyst: With the arrival of non-agricultural employment data, the crypto market will usher in drastic fluctuations, and BTC will pay attention to the 78K support in the long term

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MarsBit
04-04
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Mars Finance News: On April 4th, the United States will release the March Non-Farm Payrolls (NFP) data, which will serve as a crucial indicator for the market to judge the Federal Reserve's future monetary policy. The market expects that if the data is weak, the Federal Reserve may accelerate interest rate cuts, which would be favorable for the cryptocurrency market; conversely, strong data could suppress risk assets. Expected non-farm employment: 139K people (previous value: 151K); expected unemployment rate: 4.2% (previous value: 4.1%); expected average hourly wage monthly increase rate: 0.4% (previous value: 0.3%). Bitunx analyst suggests: A weak job market will strengthen market expectations of the Federal Reserve cutting rates this year, further enhancing market liquidity and risk asset trends. BTC should focus on short-term support at 80K and long-term support at 78K. Recently, the cryptocurrency market has been affected by Trump's tariff policies and expectations of global economic slowdown, with market volatility increasing. Investors should manage risks, avoid excessive concentration in a single direction, and allocate assets to mitigate market risks

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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