Just some information I want to share.
Recently there has been a lot of uncertainty after latest sell offs. The markets are very volatile like NASDAQ dropping -2% within a short time just to climb back up hours before closing.
some sources are convinced BTC will climb back to 23k any time soon.
Others are convinced we will see a relief and green accumulate phase before upcoming economic events such as CPI.
Today in a couple hours we will see the markets react to unemployment rate. ( released in 2:15h from now )
Analysts are convinced good results will lead to a Green Day which can potentially lead to a tiny green weekly close in the NA stock market.
NA Markets will be closed on Monday due Labor Day. Majority of money in crypto comes from NA institutions. So like similar to last stock market holiday crypto might be more volatile on these days.
What to expect : as usual weekends are pretty slow but I’m personally convinced crypto will react and be traded accordingly to the weekly close of the stock market. If you DCA you probably don’t have to care that much since under 20k BTC is pretty much a steal anyway.
If you trade you might have to prepare for some interesting volatility that can easily go in both directions based on a few numbers released today.
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