#非农就业数据来袭 Non-farm data exceeds expectations, the US dollar strengthens, Bitcoin maintains an upward trend
Strong performance in US April non-farm employment data
In April, seasonally adjusted non-farm employment increased by 177,000, exceeding the expected 130,000; the unemployment rate remained at 4.2%, in line with market expectations. After the data was released, the US dollar index (DXY) surged more than 20 points in a short time, and US Treasury yields fell to intraday lows. Traders have lowered their expectations for interest rate cuts by the Federal Reserve, with the market currently expecting nearly four rate cuts within the year.
Institution: Economic resilience supports the market, but tariff risks remain. Northlight Chief Investment Officer Chris Zaccarelli stated that the better-than-expected employment data eased market concerns about an economic recession, and the “buy on dips” sentiment may continue until the end of the July tariff suspension period. If the Trump administration restores the original tariff policy at that time, the market may see a repeat of the volatile trend from early April; if tariff policies are adjusted, the real economy and financial markets will gain more buffer space, but currently, risks have not been completely eliminated.
Bitcoin continues to rise, building momentum to challenge key resistance
Driven by positive news and large buy orders, Bitcoin continues to move upward and has now broken through the critical level of 978. If bulls can further stabilize above 990, market sentiment is expected to heat up further, laying the foundation for a return to the $100,000 mark.
