The U.S. Non-Farm Payroll (NFP) data is an important indicator of the health of the U.S. labor market, which typically has a significant impact on Bitcoin (BTC) prices. Strong job growth may raise expectations for interest rate hikes, thereby putting pressure on risk assets (like Bitcoin); while weak employment data may lead the market to expect interest rate cuts, which could boost Bitcoin prices.
📊 Overview of Latest Employment Data (as of April 30, 2025)
• ADP Private Employment Report: In April, only 62,000 jobs were added, far below the expected 115,000, marking the lowest level since July 2024, reflecting a cautious attitude of businesses amid uncertainty regarding policies and consumer outlook.
• Non-Farm Employment Expectations: The market generally expects approximately 130,000 new non-farm jobs to be added in April, down from 228,000 in March, with the unemployment rate expected to remain at 4.2%.
• Economic Growth Situation: In the first quarter of 2025, U.S. GDP annualized decreased by 0.3%, marking the worst performance since 2022, primarily affected by a surge in imports and a decrease in government spending.
📈 Potential Reaction of Bitcoin Prices
🔹 Weak Employment Data May Favor Bitcoin
• Increased Expectations for Rate Cuts: Weak employment data may lead the market to anticipate that the Federal Reserve will cut rates to stimulate the economy, which typically benefits risk assets like Bitcoin.
• Increased Safe-Haven Demand: Economic slowdown and policy uncertainty may increase investors' safe-haven demand for Bitcoin, driving its prices up.
🔹 Strong Employment Data May Pressure Bitcoin
• Increased Expectations for Rate Hikes: Strong job growth may raise expectations for interest rate hikes, thereby putting pressure on Bitcoin prices.
• Strengthening U.S. Dollar: Strong employment data may boost the dollar, which could negatively impact Bitcoin prices quoted in dollars.
📅 Recent Key Economic Data Release Schedule
• Non-farm Employment Report: To be released on May 2, 2025 (Friday), expected to have a significant impact on the market.$BTC #非农就业数据
✅ Investor Recommendations
• Focus on Key Support and Resistance Levels: Bitcoin is currently fluctuating in the $93,000 to $95,500 range, and investors should pay attention to any breakout or breakdown from this range.
In summary, non-farm payroll data has a significant impact on Bitcoin prices, and investors should closely monitor the upcoming employment data and adjust their investment strategies based on the results. If the employment data is weak, it may boost Bitcoin prices; conversely, strong employment data could put pressure on Bitcoin.
