Data fabrication has been confirmed, and the trust crisis in traditional finance is precisely the historic opportunity for cryptocurrencies
Tonight at 10 PM, the Americans will announce a major news: the employment data from the past year has all been 'false reports'! The officials have slapped their own faces, admitting to over-reporting 800,000 job positions.
What does this mean? It is equivalent to over-reporting 60,000 to 70,000 jobs every month; the entire U.S. job market is not as strong as it appears!
In simple terms: what exactly happened?
In short, the models previously used by the U.S. Census Bureau were too optimistic, always thinking that many new companies were creating jobs, only to find that it was all a bubble. Now they need to make a one-time correction, with 800,000 to 1,000,000 jobs set to be 'deleted'!
Federal Reserve Chairman Waller and Treasury Secretary Basant have already hinted that this correction will be significant, so everyone should be mentally prepared.
What does this mean for the crypto market? Exclusive interpretation from Shen Ce
First, the probability of interest rate cuts in September has skyrocketed! The worse the data, the faster the rate cuts—this is the Federal Reserve's game rule. Now that the employment data has been revealed in its true form, the Fed has more reasons to accelerate the pace of rate cuts.
Second, the dollar is set to fall, and Bitcoin is set to rise. Rising expectations of rate cuts = strengthening expectations of dollar depreciation = increasing attractiveness of Bitcoin as an anti-inflation asset.
Third, the trust crisis in traditional finance has resurfaced. If the data can be so 'corrected', what else can be fabricated? This instead highlights the intrinsic value of Bitcoin's public, transparent, and immutable ledger.
Shen Ce's personal opinion: a pullback is an opportunity to get on board.
Many people are worried about the recent BTC pullback, but I believe that after this data is released, it is very likely to start a new round of upward momentum:
Liquidity expectations: rate cuts = more funds flowing into risk assets = cryptocurrencies benefit directly.
Narrative shift: from 'economy overheating' to 'need for stimulation', which aligns perfectly with Bitcoin's hedging attributes.
The data correction will be revealed tonight at 10 PM; if the expectations for rate cuts strengthen, Bitcoin is likely to break through 115,000 in one go. Can you seize this opportunity?
Follow Shen Ce for real-time interpretations of data impacts tonight; seize trading opportunities at the first moment!
Click to follow and get exclusive operational strategies→ What do you think of this data correction? Are you ready to position yourself for the market? See you in the comments! #AI板块表现突出