[Bitcoin is facing a direction decision, whether it can break through 69,000, or whether it will be inserted again, tonight! ★Non-farm night, the data has been released, employment is higher than expected, the unemployment rate is higher than expected, the market predicts an interest rate cut in May-June, waiting for the Fed's speech]
In the past two days, in addition to the trend of Bitcoin in the blockchain market spreading throughout the financial world, the trend of gold has also extremely affected people's hearts. After rising for many consecutive days, gold has exceeded US$2,165 per ounce and reached a record high, effectively holding above US$2,000.
U.S. stocks hit new highs again, while U.S. bonds continued to soar. The employment and economic situation caused by high interest rates continues to deteriorate, especially the employment situation, and the US unemployment benefit data increased again. At the same time, the trade account data, which is an important economic indicator, also fell short of expectations, and employment and the economy faced a double decline.
Moreover, the Fed's attitude is constantly changing, and its attitude towards interest rate cuts is becoming increasingly clear. Although there are still internal differences, there are still concerns among officials about cutting interest rates prematurely. However, Powell's statements in the past few days have clearly shown the overall attitude of the Federal Reserve, once again releasing dovish remarks. Based on concerns about the economy, the first interest rate cut will soon be ushered in.
★Look at the data released tonight
U.S. non-farm payroll employment increased by 275,000 in February, compared with an expected increase of 200,000, compared with the previous increase of 353,000.
The U.S. unemployment rate was 3.9% in February, compared with the estimate of 3.7% and the previous value of 3.7%.
The U.S. 10-year Treasury bond yield rose sharply after the release of non-farm payrolls data, and was last at 4.108%.
Employment is higher than expected, but not as good as the previous value, and the unemployment rate is higher than expected, which is a mix of good news and bad news. However, the market generally predicts an interest rate cut in May or June, the U.S. dollar index falls, non-U.S. currencies rise, gold continues to rise, and Bitcoin is expected to have a breakthrough.
