U.S. Non-Farm Payroll Data is About to Be Released, Will the Market Turn Upside Down?
This Friday, the non-farm payroll data for December will be unveiled, with market predictions for the median increase in employment at 153,000, slightly lower than the November figures. As the Federal Reserve's monetary policy and labor market continue to evolve, this report could become the 'trigger point' for the market, whether you're trading stocks or cryptocurrencies, it's essential to keep a close eye!
What if the data falls short of expectations?
This could further strengthen the market's expectations for the Federal Reserve to cut interest rates, as a weakening job market usually indicates a slowdown in economic growth, and the likelihood of rate cuts would significantly increase.
For the crypto market, the liquidity easing brought by rate cuts is undoubtedly good news, potentially becoming a catalyst for a rebound in Bitcoin's price.
Key Impacts on the Crypto Market:
1️⃣ Funds Flowing Back to Risk Assets: If the data is weak, funds may shift to safe-haven assets, with Bitcoin playing the role of 'digital gold', attracting substantial inflows.
2️⃣ Market Sentiment Rebound: Bitcoin's recent performance has been volatile, but the non-farm payroll data may reignite market interest in digital currencies, especially if the Federal Reserve's stance leans dovish.
3️⃣ Surge in Volatility: Regardless of the outcome, non-farm payroll data often intensifies short-term market volatility, presenting a significant opportunity for short-term traders.
