What's going on?! The U.S. job market has suddenly collapsed. The latest unemployment figures have reached the highest level since the pandemic. Has the great recession quietly arrived?

First of all, U.S. employment data has begun to plummet sharply. According to the latest data this week, the number of unemployment claims in the U.S. has exceeded expectations and risen to 248,000, the highest since the pandemic in 2021. What's more concerning is that it has been rising for four consecutive weeks, forming an upward trend. This is no joke.

And the culprit, as everyone probably knows, is the subsequent impact of Trump's tariffs, which is starting to reflect on the economic level. In the coming months, unemployment and inflation will only continue to rise, while the Federal Reserve is unable to cut interest rates and can only maintain ultra-high rates to suppress the economy. This is really not a good sign, and many retail investors are unaware of this data.

Moreover, considering that Bitcoin has already risen 60% from 70,000, there is huge potential for a pullback. A drop from 110,000 to 100,000 is just a minor correction, and we are still far from the bottom. Such a sharp short-term drop will likely lead to some small rebounds, which is actually an opportunity to escape and set up short positions.