【Non-farm Employment Data Exceeds Expectations, Unemployment Rate Remains Unchanged】

In April, the seasonally adjusted non-farm employment increased by 177,000, higher than the expected 130,000. The unemployment rate in the U.S. remained steady at 4.2% in April, in line with market expectations.

After the news was released, the U.S. Dollar Index (DXY) rose sharply by more than 20 points, while U.S. Treasury yields fell to their lowest point of the day. Traders reduced bets on interest rate cuts by the Federal Reserve, expecting nearly four rate cuts this year.

【Institution: Non-farm Data Exceeds Expectations, Buying on Dips May Continue Until Tariff Suspension Ends】

Chris Zaccarelli, Chief Investment Officer at Northlight, stated that the better-than-expected employment data has relieved the market, although concerns about a recession remain. However, the momentum for buying on dips may continue until the tariff suspension period ends in July.

If the Trump administration continues its original tariff plan at that time, the market may see a repeat of the first week of April's trends; if it adjusts policies and exempts unreasonable tariffs, the real economy and market will be more at ease, but current risks have not been alleviated.

Currently, with the addition of large buy orders and continuous positive news, Bitcoin maintains an upward trajectory, recently breaking through the 978 level. If the market can touch 990, it will welcome the dawn of a return to 100,000.