Friday is the release day for the NFP report. I will suggest Tigers to monitor US dollar trend and NFP report in order to predict the BTC movement.
Because the Non-Farm Payrolls (NFP) data is an important economic indicator, it directly influences market expectations about the health of the U.S. economy, thereby affecting the value of the dollar and interest rate expectations. Since gold/BTC is typically considered a safe-haven asset, its price is very sensitive to changes in the dollar's trajectory and interest rates.
Market closed on 1/9 , Tigers should have a good rest and good night.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
