Tomorrow at 20:30, focus on non-farm payrolls and unemployment rate!
Yesterday, GDP expectations dropped from 2.2% to an actual contraction of 0.3%
Mainly due to companies stockpiling imports and weakened consumption. Prices are rising sharply.
The core PCE index actually increased by 3.5%.
The job market is also struggling, with non-farm payroll expectations significantly lowered, and small companies' actual hiring numbers far below expectations; companies are hesitant to hire.
My viewpoint remains unchanged: the more turmoil in the U.S., the more opportunity for Bitcoin!
The U.S. is raising tariffs, money is flowing abroad, and gold prices are soaring.
Bitcoin used to move in sync with U.S. stocks, but now it resembles gold more, with stronger safe-haven attributes, and even major institutions like BlackRock have invested nearly $1 billion.
Next, we will pay attention to U.S. economic and employment data; good data reduces the likelihood of a Federal Reserve rate cut, while bad data has the opposite effect.
There are three interest rate meeting opportunities in the next three months, and everyone is hoping for a rate cut. However, Trump's tariff policy may still cause disruptions, and economic recovery may take time. The day of the rate cut will also be the day Bitcoin takes off ✈️
But there will definitely be a significant market correction before the rate cut!
Follow Hashini for timely interpretations～
