Non-farm data may cause Bitcoin to rebound
The current market is full of expectations for the upcoming non-farm data, which many analysts believe will be a catalyst for the rebound of Bitcoin (BTC). First of all, non-farm data is an important indicator for measuring the health of the US economy and directly affects market sentiment and investment decisions. Against the backdrop of increasing economic uncertainty, investors often seek safe-haven assets, and the characteristics of Bitcoin as digital gold are becoming increasingly prominent. According to recent market trends, investors have shown strong willingness to cash out before the non-agricultural data is released, especially the flow of funds from large holders into the exchange, showing vigilance for future fluctuations. It is worth noting that analysts pointed out that the market may rebound regardless of the performance of non-farm data. If the data exceeds expectations, the market may reverse quickly, although it may cause a decline in Bitcoin prices in the short term, as investors regard strong data as outdated information, which instead increases their preference for risky assets. Conversely, if the data is weak, it could intensify concerns about the recession and further drive Bitcoin’s rise. From a technical perspective, BTC is currently in the key range of US$83,000, forming strong support and resistance. Market sentiment is accumulating strength and may usher in a breakthrough at any time. Overall, the release of non-agricultural data will become an important turning point in the market trend. Investors should pay close attention to the data results and adjust their investment strategies in a timely manner according to market reactions to seize possible rebound opportunities.