📊 US Labor Data for August – Today's Market Focus

7:30 PM (VN time), a series of important indicators from the US will be announced:

• Non-farm Payroll (NFP): forecasted +75K (previously +73K).

• Private Non-farm Payroll: forecasted +75K (previously +83K).

• Unemployment Rate: forecasted 4.3% (up from 4.2% last period).

• Average Hourly Earnings (MoM): forecasted 0.3%.

• Hourly Earnings (YoY): forecasted 3.7% (down from 3.9%).

• Labor Force Participation & U6 Unemployment Rate will also be closely monitored.

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🔥 Implications for the Market

• Low NFP / higher unemployment than forecast → indicates a weakening labor market, giving the Fed more reason to cut interest rates sooner → typically positive news for Bitcoin & crypto.

• Slowing hourly earnings (3.7% vs 3.9%) → reduces inflationary pressure → supports expectations for monetary policy easing.

• Conversely, if NFP is unexpectedly high or unemployment drops significantly, the Fed may maintain a “higher for longer” policy → creating short-term adjustment pressure on BTC.

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💡 Market Scenarios

• Weaker data than forecast: USD drops, bond yields fall, BTC may spike.

• Stronger data than forecast: USD rises, gold & BTC may face short-term sell-offs.

• “Mixed” data: BTC experiences strong two-way volatility, difficult to predict.

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📌 Conclusion

Tonight, BTC will be directly influenced by US labor data. Investors need to manage risks closely, as volatility may be very high right after 7:30 PM.

#BTC #Crypto #NFP #Binance