$BTC

In December 2024, the seasonally adjusted non-farm payroll employment in the United States increased by 256,000, higher than the expected increase of 160,000, and the previous value was revised from an increase of 227,000 to an increase of 212,000; the unemployment rate in December was 4.1%, expected to be 4.2%, previous value 4.2%. Based on this data, the expectations for the cryptocurrency market are as follows:

Short-term Trends

• Market Sentiment and Capital Flows: Due to the non-farm data significantly exceeding expectations, investors have lowered their expectations for interest rate cuts by the Federal Reserve, leading to a decrease in market risk appetite. Capital may flow from risk assets like cryptocurrencies to safe assets such as U.S. dollar assets and treasury bonds, resulting in selling pressure on the cryptocurrency market and causing cryptocurrency prices to decline or continue to oscillate at low levels in the short term.

• Technical Analysis and Trading Strategies: From a technical perspective, cryptocurrencies like Bitcoin have already undergone a certain degree of correction. Some traders and analysts believe that a technical rebound may occur near the current low point. However, in the overall unfavorable macro environment, the rebound potential may be limited, and after the rebound, there may still be risks of further declines. Some investors may choose to reduce their positions or close their trades during the rebound to avoid risks.