Tonight, Canada and the United States' economic data is being released intensively, and the impact on the crypto market can be described as a "battle of bulls and bears," with frequent explosive points.

Canada's employment numbers plummeted by 40,800, indicating a weak job market; typically, safe-haven funds would flow into the crypto market, which is a positive sign. However, on the US side, a decline in the unemployment rate should benefit traditional markets and negatively impact the crypto market, but the non-farm employment population fell short of expectations, casting doubt on the economic recovery. Funds might flow back into the crypto market, which could be a potential positive.

The US wage data is even more explosive! The annual rate of hourly wages unexpectedly surged, which could increase disposable income and bring funds into the crypto market; on the other hand, if wages rise too quickly and trigger inflation, expectations for the Federal Reserve to tighten monetary policy will surge, which would be a heavy negative for the crypto market. Looking at the supply chain pressure index, while it shows improvements in the supply chain benefiting the real economy, whether funds will flow away from the crypto market remains uncertain.

These data points intertwine the logic of bulls and bears, and short-term volatility in the crypto market is a certainty. The biggest explosive point lies in whether wage data triggers expectations for a shift in Federal Reserve policy; if so, the crypto market may face a "bloodbath"; if funds surge into the crypto market due to economic recovery falling short of expectations, it could spark a "celebration wave," with a showdown between bulls and bears imminent! #非农就业数据来袭 $BTC