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Non-farm payroll countdown begins, which will also determine the overall trend for April!
Previous value: -92k Expected value: 60k, Actual release: X
Based on current data, the likelihood of a rate hike is high, but the previous value of -92k is subject to revision, so it depends on whether the actual release is close to 60k or exceeds it—that would indicate a rate hike.
Of course, if the actual release is between 1,000 and 3,000, it’s not very meaningful. After all, earlier impacts from government shutdowns and Middle East tensions have had some effect on the economy.
After a wave of non-farm payroll movements, the US stock market will pause, and it is expected to remain weak and adjust until the weekend.
Therefore, you can look for buy positions in the 6.5-6.55 range below, and look for sell positions in the 6.8-60k range above.
Position 1990-2010 for buy orders, and above 2120-2140 for sell orders. $BTC