Breaking! The U.S. employment data is in a 'chaotic battle'; Teger asserts: A storm of wealth in the crypto market is about to break out!!!!!!!

Last night at 8:30 PM Beijing time, the U.S. employment data 'exploded': Initial jobless claims were 218,000, lower than expected; Continuing jobless claims were 1.946 million, also lower than expected. On the surface, employment seems as stable as a mountain, but the devil is in the details, and another set of data has directly flipped the market!

Labor costs 'rocket soaring', inflation may 'revive'?

The most shocking part is that U.S. labor costs surged by 6.6%, reaching a nearly two-year high, while the market expected only 1.5%! Even more outrageous is that productivity plummeted by 1.5%, while the expectation was for a rise of 2%. This means that the cost of hiring for businesses is skyrocketing, while work efficiency is actually declining, putting direct pressure on inflation risks. The Federal Reserve is now more entangled; they fear that lowering interest rates could lead to uncontrolled inflation, but not lowering rates could mean the economy might 'cool down'.

Employment 'false fire', will the crypto market take a 'roller coaster' ride?

The seemingly stable employment data actually hides a crisis. Initial jobless claims are low, but continued claims remain high, indicating short-term relief in unemployment, while long-term employment remains challenging. This contradiction leaves the market even more confused about the economic outlook.

In the short term, concerns about inflation may lead the Federal Reserve to make a 'hawkish' statement, strengthening the dollar and putting pressure on risk assets like Bitcoin. But don’t panic; the more contradictory the data, the more entangled the market becomes, and fluctuations instead present a buying opportunity! History has shown that after the 'false fire' in the employment market, funds tend to flow into inflation-resistant assets, and Bitcoin's 'digital gold' attribute is indeed a preferred choice for hedging.

In the long term, soaring labor costs + declining productivity increase economic risks, and the Federal Reserve will sooner or later 'surrender and inject liquidity'. Once interest rates are cut, the crypto market will surely welcome a liquidity frenzy + a rebound in risk appetite; Bitcoin reaching new highs is not a dream!

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