Pay close attention to non-farm payrolls and unemployment rate tomorrow night at 20:30!
Yesterday, GDP expectations fell from 2.2% to an actual contraction of 0.3%
Mainly due to companies stockpiling imports and weakening consumption. Prices are rising sharply.
The core PCE index actually rose by 3.5%.
The job market is also not good, with a significant drop in expected non-farm payroll numbers, and small companies' actual hiring is far below expectations, businesses are hesitant to hire.
My view remains unchanged: the more turmoil in the U.S., the more opportunities for Bitcoin!
With the U.S. imposing tariffs, money is flowing abroad, and gold prices have surged.
Bitcoin used to follow U.S. stocks, but now it resembles gold more, with a stronger safe-haven attribute, even major institutions like BlackRock have invested nearly $1 billion.
Next, we will look at U.S. economic and employment data; good data lowers the probability of the Federal Reserve cutting interest rates, while bad data does the opposite.
There are three opportunities for interest rate meetings in the next three months, and everyone is hoping for a rate cut. However, Trump's tariff policy may still cause disruptions, and economic improvement may take time.
But there will definitely be a major washout before any rate cuts!
Stay tuned to Hashini for real-time analysis for everyone～
