The US non-farm payroll and unemployment rate data for June is about to be revealed, and the outlook is concerning. The market expects June's seasonally adjusted non-farm employment population to plummet to 116,000, while the unemployment rate is likely to rise. The key question is whether the market will once again play out the scenario of 'bad news being treated as good news.'
Deeper concerns lie in: The impact of Trump's tariff policy on employment is gradually becoming evident. This week's data may only be the beginning, and in the coming months, the unemployment rate may continue to rise due to ongoing pressure from tariffs, which is the real risk.
Crucially important for the market:
Weak data: Strengthens rate cut expectations → Potentially positive for the cryptocurrency market.
Data exceeds expectations: Triggers market panic → Significantly raises the risk of BTC corrections.
Current situation: Bitcoin continues to experience volatile declines. Be sure to closely monitor subsequent trends to seize trading opportunities arising from potential fluctuations.
