Forecast for Non Farm Payrolls is 200k while consensus will be even at 160k. Previous was 227k. What does it mean in simple words?

NFP report is important because it tells us how strong or weak the job market is. If more jobs are added, it usually means the economy is growing. If jobs are lost, it might be a sign of trouble.

NFP data is released monthly and has a big impact on financial markets because investors and policymakers use it to understand the health of the economy.

The drop on its own is ok, as numbers pump and dump every months, and so after previous month pump this month decrease will be natural. Most probably market have already priced that in.

But in the end what will really influence crypto market will be reactions from DXY and Stock Indices. So far January was really choppy and that makes it very hard to make any certain forecasts even for the nearest future. Therefore I think that making long-term investments at this stage is not recommended. There will be more dips.