Next week's focus | US releases May non farm payroll data

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Detailed analysis of BTC's recent market and future trends in the live broadcast room, laying out a real-time 10000 point profit strategy! Strong non farm payroll data is like a shot in the arm, instantly injected into the risk asset market. In June, the United States added 209000 non farm jobs and the unemployment rate remained stable at 3.6%, demonstrating the unexpected resilience of the labor market. This impressive performance report has strongly weakened the pessimistic view that the economy is about to fall into recession, and the market's expectation of the Federal Reserve's aggressive interest rate cuts in the short term has cooled down. The hope of a "soft landing" in the economy has reignited, and investors' risk appetite has significantly rebounded. Under the strong macro wind, the king of cryptocurrencies, Bitcoin (BTC), has taken action upon hearing the news, showing a strong upward trend. Funds are accelerating their flow towards cryptocurrency assets represented by BTC, pushing its price close to the key psychological and technical resistance level of $69000 before history. On the technical chart, BTC has effectively broken through the key moving average suppression, with synchronously increased trading volume and high market bullish sentiment. The historical high point seems within reach at this moment. However, does being easily accessible mean having no obstacles at all? Behind the market frenzy, we still need to be wary of several 'counter currents': 1. Federal Reserve Mist: Despite strong non farm payrolls, inflation data remains the core of Federal Reserve decision-making. If the subsequent inflation stickiness exceeds expectations and the Federal Reserve maintains a "higher and longer" interest rate policy, the frenzy of risky assets may face a drastic blow. 2. Profit taking pressure: Approaching the historical high point area, the dual selling pressure formed by the huge early lock up market and the short-term lucrative profit market should not be underestimated. 3. Regulatory cloud: The global regulatory framework for cryptocurrencies is far from clear, and any unexpected regulatory negative could trigger severe market volatility. The non farm fire has indeed ignited the engine for BTC to hit a new high, and the technical form resonates with market sentiment. Amidst the frenzy of bulls, historical highs seem within reach. But the journey to a new high is not an easy one, as the Federal Reserve's policy path, market sentiment games, and regulatory variables still hang high like the sword of Damocles. Can BTC truly "pierce" the historical ceiling with the help of non-agricultural assistance, or face fierce resistance in front of its doors? In the coming days, the market will provide the ultimate answer. The real test may have just begun. Operation suggestion: BTC 108500 long. First target: 109850. Second target: 110500 ETH 2520 long first target to see 2580 second target to see 2645 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

OKX-BTC/USDT is currently trading at $107992, with a 5-minute drop of 0.15%. Please pay attention to market fluctuations.

Odaily Planet Daily News: Kathy Bostjancic, Chief Economist of Nationwide Financial, said that there will be a large amount of data affecting the Fed's decisions in the next two months. If the current trend continues, the Fed should be able to implement loose policies in September. He believes that the Fed will cut interest rates by 25 basis points in September, October, and December respectively, but Powell may balance all parties by "not over committing": supporting the September rate cut and emphasizing that it is not a signal of further easing, and suspending action if inflation worsens. (Golden Ten)

According to Decrypt, the Oregon Attorney General has requested that the federal court reject Coinbase's motion to transfer the securities lawsuit to federal court, insisting that the case should remain in state court for trial. The lawsuit accuses Coinbase of promoting unregistered cryptocurrency securities to state residents and profiting from millions of dollars in transaction fees. The core dispute of the case lies in the fact that the "Pratt test" adopted by Oregon is broader than the federal "Hawley test", and even if encrypted assets do not meet the definition of federal securities, they may still be recognized as state-level securities. Legal experts point out that if the state court ruling is upheld, it may trigger states to launch chain law enforcement against cryptocurrency companies based on local securities laws. It is worth noting that although the Trump administration withdrew the SEC's lawsuit against Coinbase in February this year, states are strengthening their regulatory authority through local securities laws. Coinbase claims that the lawsuit is&34; Regulatory enclosure movement&34; Warning that fragmented state level regulation will exacerbate industry chaos.

According to BlockBeats, on July 4th, Justin Sun appeared on the cover of Asia Weekly for the first time in 14 years and was interviewed. In the interview, Justin Sun stated that Bitcoin has the potential to challenge the global reserve currency status of the US dollar in the next decade. The core technologies of stablecoins and cross-border payments, the integration of AI and blockchain, and cross chain interoperability will be widely promoted or adopted. Previously, Justin Sun appeared on the cover of Asia Weekly in 2011, attracting attention as a young entrepreneur and early investor in Bitcoin.