#美国非农数据即将公布 Why should we look at the US non-farm payrolls (NFP)?

First, the conclusion: high NFP (strong employment data) may push up the value of the US dollar, which is unfavorable to the price trend of #BTC

Reasons:

1. Economic indicators:

The US non-farm payrolls (NFP) report is an important indicator of the health of the US economy. It reflects the number of new jobs created nationwide, excluding the agricultural sector.

2. Fed policy:

NFP data directly affects the Fed's monetary policy decisions. If employment growth is strong, it may cause the Fed to consider raising interest rates, which will affect the value of the US dollar; conversely, weak employment data may prompt the Fed to maintain or lower interest rates.

3. Global economic impact:

Since the US dollar is the world's main reserve currency, the US economic situation and policy adjustments have a profound impact on global financial markets.