Rising up to $25,000 in August bitcoin It was again below $20,000 after Powell’s hawkish statements.
Currently, while the horizontal movement continues above the $20,000 level, EthereumWe see that .
Powell’s hawkish statements and the low inflation data for July made the markets nervous.
In the coming period of bitcoin and the direction of the markets will be determined by the data from the USA. Because whether the hawkish attitude of the FED on interest rate increases will change will depend on these data.
At this point, the most important data will be the US inflation data, which will be announced on September 13. On September 22, the Fed will announce its interest rate decision.
Today’s important data is US Nonfarm payrolls data will be.
The expectation in the non-farm employment data, which is expected to be announced at 15.30 TSI, is 300 thousand.
Why is Non-Farm Employment Important?
The fact that the non-farm employment data is above expectations is considered as a signal of the economic recovery in that country and has a positive effect on the currency.
If the data to be announced at 15.30 comes above 300 thousand, we can see that DXY (dollar index) rises and Bitcoin retreats a little. If it comes below 300 thousand, it may cause us to see a pullback in DXY.
*Not Investment Advice.
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