Interpretation of cryptocurrency market on SEP 2, 2022
The market remained slightly oscillating yesterday, with some volatility overnight, along with a move in US stocks, but the market was still generally light.
There will be NFP data released tonight, but it shouldn't cause much of a reaction. Positive employment data is certain. The market has been anticipating it for a long time. Unless the data deteriorates significantly well below expectations, a strong market rally will be possible. Otherwise, the NFP is the least influential in front of the several significant events that follow this month.
The operation maintains the previous idea of keeping a short single bottom position, with trim level highs short.
There will be NFP data released tonight, but it shouldn't cause much of a reaction. Positive employment data is certain. The market has been anticipating it for a long time. Unless the data deteriorates significantly well below expectations, a strong market rally will be possible. Otherwise, the NFP is the least influential in front of the several significant events that follow this month.
The operation maintains the previous idea of keeping a short single bottom position, with trim level highs short.
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