Interpretation of cryptocurrency market on Aug 5, 2022
From yesterday to this morning, the market is still a small oscillation. But the number of days in a row before has been more down, and tonight there are NFP data released. From the recent performance of U.S. stocks and related remarks, the U.S. economic data should not be bad. Then tonight's announcement out, the probability is positive and it's expected to appear today the probability of rising.
But the general direction remains unchanged, if the market can reopen up here, it is possible that the last wave of the current round of rally market up, the medium-term is still bearish.