How will Bitcoin respond to the sudden crash of the stock market before the release of NonFarm Payrolls tonight

Coin World Report:
Tonight, the release of US non-farm payroll and unemployment rate data will have a significant impact on the market.


At 8:30 PM tonight, the US Bureau of Labor Statistics will release its latest non-farm payroll report, covering key employment market indicators closely monitored by the Federal Reserve and the markets, including unemployment rate, non-farm employment, wages, and labor force participation rate. Wall Street consensus expects the US unemployment rate for June to remain unchanged at 4%; seasonally adjusted non-farm employment is expected to show an increase of 190,000 jobs; average hourly earnings are anticipated to rise by 0.3% monthly, down from the previous 0.4%, with an annual rate of 3.9%, noticeably slower than the previous 4.1%; labor force participation rate is expected to edge up slightly from 62.5% to 62.60%. Multiple data releases this week indicate a gradual softening in US economic and employment performance, leading to increased expectations on Wall Street for a Federal Reserve interest rate cut. Against this backdrop, tonight’s report assumes even greater significance.


Stay calm and avoid emotional trading. Currently maintaining yesterday’s viewpoint,
Bitcoin’s bottom this time is expected at 52,000 USD; you can fully enter the market at this point, for all cryptocurrencies.
For those who have already entered, ensure risk management. If Bitcoin indeed reaches 52,000 USD, can your positions withstand it?
If there’s risk of liquidation, reduce your positions to avoid forced liquidation.
Cutting a small portion of your positions is better than losing everything, don’t fall just before a major rally. Stay calm, risk management is top priority. For those with surplus funds, now is not the time to enter; wait for a better opportunity.
Non-farm payroll and unemployment rate are crucial economic data. With current market confidence lacking, a negative outcome could be the last straw, while a positive result might trigger a market rebound.
Market sentiment is starting to show signs of panic, but despair has not yet set in; there’s still downward potential.