Non-Farm Payroll Data Exploded, My Bitcoin and Heart Both Plunged Below 80,000
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Just took a look at the market, and my hands trembled so much I almost threw my phone. Bitcoin has fallen back below 80,000, and 80,000, folks, that was the position where I added last month, and now it's directly pierced through. I really thought the Fed would definitely cut rates this month, but the non-farm payroll data slapped me in the face. So many jobs added, are they afraid we crypto leeks won't die fast enough?
This morning I was happily calculating that if the rate cut landed, this rebound would at least let me recover half of my losses, but now it's the opposite, directly dragging me out of my dream of breaking even and kicking me into a deep pit. Where's the promised economic recession? Where's the promised weak employment? How come at critical moments, the data is as hard as a rock, specifically working against us bulls?
I stare at the K-line on the screen, glowing green, and my heart feels cold. This isn't a K-line; it's clearly my salary slip for the past year, dropping one by one without even a decent rebound.
Honestly, I've been a full-time crypto trader for three years now, coming in at the tail end of the last bull market, and the market has taught me to be obedient. I originally hoped to turn things around with this rate cut expectation, but now, not only have I not turned around, I've buried myself even deeper. My wife asked me yesterday how we're going to pay the mortgage this month, and I didn't dare tell her that I also threw in the renovation money.
Now, with the non-farm data out, the market gave me a high-dive performance, and I didn't even have time to click stop-loss before watching my position shrink by nearly 20%. This isn't investing; this is gambling with my life on the Fed's lip service.
Some of my buddies around me have already cut their losses and left, saying they're going to deliver food to recover, while others are still holding on, saying they'll wait until the end of the month. What about me? I don't even have the courage to cut losses because I know that once I cut, it's really all over.
What do you think the Fed is trying to do? On one hand, they shout about controlling inflation, and on the other, they're afraid of a hard economic landing. As a result, when the data comes out, the whole market has a seizure. I'm a small retail investor, staring at these macro data every day, studying Powell's expressions, analyzing the dot plot, and in the end, it's no more reliable than flipping a coin to guess the direction.
Now everyone online is saying that the strong non-farm data means the rate cut might be delayed, or even not happen at all. So what about my full long position? Am I really supposed to line up on the rooftop? I don't even have the mood to eat dinner tonight, just squatting in front of the computer, watching Bitcoin hover below 80,000, like a dying person gasping for breath.
Sometimes I really hate myself, why can't I just find a regular job and not come to this market to be a leek. Now, I've been plucked by the non-farm data and stabbed by the market, and I'm almost like a sieve.
But then again, what else can I do? I can't really cut losses and leave, right? What if there's a reversal at the end of the month? I'm just so pathetic, always telling myself 'wait a little longer,' and what I get is a deeper abyss.
Right now, I just want to know, is there any hope for this market? Will the rate cut still happen? Can my position hold out until dawn? Someone give me a definite answer, let me die with clarity, don't keep me hanging like this, my heart really can't take it!
Author's Note: This serial novel is 100% original content written by me. It was initially drafted in Chinese and then manually translated into English. I strictly stay away from AI-generated creative writing. Thank you for supporting genuine human creators!