CoinVoice has learned that the non-farm payroll report shows an addition of 177,000 jobs in April, lower than the previous month but higher than expected, indicating a slowdown in employment but not as weak as the market fears; the unemployment rate remains stable at 4.2%, still at a high level. Average hourly wages increased by 0.2% month-on-month and 3.8% year-on-year, with wage growth slowing and inflation pressure moderate. FedWatch shows that the probability of a rate cut in June has dropped to 50%, and there is still uncertainty in the market regarding the economic and policy path. Overall, the employment data is not bad but wage growth is weak, and the Federal Reserve may still remain on the sidelines, leading to increased market volatility, with Bitcoin maintaining a consolidation pattern in the short term.
Bitunix analysts suggest: The data performance is contradictory, with employment resilience and slowing wages intertwined. BTC is still constrained by $97,000 in the short term, and it is necessary to observe whether there is a volume breakthrough; if rate cut expectations rise again, pay attention to the trends in the dollar and interest rates, and adjust positions flexibly. It is recommended to continue observing FOMC movements and allocate stablecoins or gold to hedge against policy and macro risks. [Original link]
