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The highly anticipated U.S. non-farm payroll data is about to be released. Crypto retail investors must stay calm and avoid rushing into the market blindly!
Tonight's non-farm employment and unemployment rate data will undoubtedly trigger intense market volatility, directly impacting Bitcoin and the entire crypto market.
If the data exceeds expectations and shows strength, the US dollar index will likely rise, putting pressure on Bitcoin to decline.
If the data falls short of expectations, the rate cut anticipation will heat up again, potentially creating a short-term rebound opportunity for quality altcoins.
Here's a practical piece of advice:
Don't bet on the data direction, don't go all-in, and don't place preemptive orders to gamble.
In the initial phase of the data release, sharp swings and volatile price movements are common. Be patient, wait for the fluctuations to settle, and look for opportunities once the market stabilizes.
Hold your chips tightly, maintain sufficient positions—stability is the key to profitability.
Pay attention to subsequent key support and resistance levels, and precise entry and exit timing.
Follow the rhythm, avoid chasing highs or blindly bottom-fishing, and steer clear of major players' traps.