🎉🎉Good news! With U.S. Treasuries rising and yields falling, traders are further betting on the Fed to cut interest rates this year, and their expected probability of two rate cuts this year has once again reached 100%. 📈📈Although the June non-farm payrolls report showed higher-than-expected job growth, data from previous months were revised downward and unemployment rose. The probability of the Fed cutting interest rates as early as September is currently believed to be around 76%.

Jeff Klingelhofer, co-head of investment at Thornburg Investment Management, said: "I think there is still room for U.S. bonds to rise. Judging from Powell's recent statements, he has a strong tendency to start a moderate easing cycle. The labor market is returning to a better balance, inflation faces downside risks, and the economy may slide into recession."

Jeffrey Rosenberg, portfolio manager at BlackRock, said: "To consolidate the expectation of a rate cut in September, another round of data is needed. More importantly, the inflation data next week and the data next month." 🔮🔮

This is good news for Bitcoin, and rate cuts usually push up Bitcoin prices. 🚀🚀 Let's look forward to it together!