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The US non farm payroll data, as a key indicator reflecting the employment status of the US non-agricultural population, has attracted much attention in the financial field and has an undeniable impact on the financial market and Bitcoin.
In terms of financial markets, the performance of non farm payroll data will cause waves in multiple segmented markets. In the stock market, when non farm payroll data performs well, economic expansion signals are obvious, and corporate profit expectations improve, investors will actively buy stocks to drive the stock market up; When the data is poor, investors will worry about the economic outlook and sell their stocks, leading to a decline in stock prices. In the foreign exchange market, non farm payroll data is closely related to the US dollar exchange rate. Strong data attracts international capital inflows, leading to increased demand for the US dollar and thus strengthening; On the contrary, weak data leads to a depreciation of the US dollar. In the bond market, strong employment data has raised concerns about inflation, and investors are demanding higher yields, leading to a decline in bond prices and an increase in yields; Under weak data, bonds are in high demand for safe haven, leading to price increases and yield decreases. In the commodity market, gold is negatively correlated with the US dollar, and when non farm data drives the appreciation of the US dollar, gold prices may fall; The oil price is supported by the expectation of economic growth, which leads to an increase in demand when data is good.
The Bitcoin market will also be indirectly affected by non farm payroll data. Non farm payroll data affects market sentiment and capital flow, with better than expected data and increased market confidence in economic recovery. Funds flow into traditional financial markets, and Bitcoin faces pressure from capital outflows, resulting in a price decline; The data fell short of expectations, market sentiment deteriorated, and investors invested some funds in Bitcoin as a safe haven, driving its price up.
Technical analysis
BTC's weekly mid track did not break and began to rebound, breaking through the key level of 114000. The daily mid track stabilized and broke through 116000 to 120000
ETH daily retracement to lower support, sideways for a month starting to break through key levels 4400 to 4500, weekly double top pressure 5000 will come?
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
