🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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#非农就业数据将公布# US Non-farm Payrolls (NFP) mainly includes indicators such as non-agricultural employment numbers, unemployment rate, and employment rate. Good data usually indicates increased economic activity and a healthy job market, thereby boosting confidence in the economy, which is favorable for the US dollar and may lead to a stronger dollar, putting pressure on Crypto Assets.
If the US Non-farm Payrolls (NFP) are below expectations, it may indicate a weak job market, which typically increases the market's risk aversion, thereby boosting the demand for gold and other safe-haven assets, while potentially causing the prices of Crypto Assets to decline.
In the market, historical data shows that the release of US Non-farm Payrolls (NFP) often leads to significant fluctuations in the Crypto Assets market. In ideal data scenarios, expectations for interest rate hikes may increase, which puts pressure on the Crypto Assets market that relies on liquidity and leverage.
In the case of unfavorable data, the market's demand for safe-haven assets may drive the prices of certain Crypto Assets such as Bitcoin to rise.
In this regard, we need to manage risks well before the US Non-farm Payrolls (NFP) are released, reasonably adjust our positions, pay attention to potential price fluctuations after the data is released, focus on the Federal Reserve's public statements, and other macroeconomic indicators, and adjust strategies in a timely manner!