Today's non-agricultural data performed well. The unemployment rate has climbed to 4.1%, reaching a peak since November 2021. This data is enough for the Federal Reserve to consider more. The other is the employment data. Although it exceeded expectations, it was also lower than the previous value. The key is wages, which is exactly what Powell emphasized. The annual and monthly rates of wages are lower than the previous values, which are in line with expectations. Overall, it is good data.

In fact, for employment data, I have mentioned many times before that whether good or bad, they are all bad data, but they are bad now or will be bad in the future. The former situation is that employment is currently rising and unemployment is falling. It seems that the US economy is still strong, but it actually means that the Federal Reserve has sufficient reasons to maintain high interest rates. Black swan events may occur every day under high interest rates, so it is bad now.

If employment falls and unemployment rises, although it is more in line with the Fed's interest rate cut standards, it shows that the US economy is gradually heading towards recession, increasing the possibility of economic recession. Even if it is beneficial to the risk market in the short term, it is actually drinking poison to quench thirst in the long run, so such data means that it will be bad in the future.

If you understand this, you will know the impact of today's non-agricultural data. I believe many friends will ask why the data is good, but the price of $BTC has fallen. Let's wait until the US stock market opens to observe. It is still in a low liquidity range. It was suppressed just after it rose a little bit before, and the panic has not completely dissipated.

Let's wait until the US stock market opens to observe. It is still in a low liquidity range. It was suppressed just after it rose a little bit before, and the panic has not completely dissipated.

The current market is volatile. Whether you are keen on contracts or spot, you can find me on the homepage. After the sharp decline of the market, I am also optimistic about several potential coins and are ready to lay out.

Why not join me to capture the next wave of opportunities in the market.

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