Evening Analysis: The Impact of Non-Farm Data
The non-farm data released tonight showed an increase of 227,000, exceeding expectations.
Logically, this should be negative, so why did BTC rise?
Because the October data was affected by hurricanes and the Boeing strike, resulting in fewer jobs.
Market participants generally anticipate that the November data will exceed the basic trend,
so it is not considered negative.
At the same time, the unemployment rate has seen a slight increase.
Expected at 4.1%, but released at 4.2%, which is better than expected.
After the data release tonight, the possibility of the Federal Reserve cutting interest rates in December has increased.
Overall positive, combined with on-chain data, the risks are not significant.
Hold onto non-surge tokens patiently.
