Tonight, the real variable has landed: the US Nonfarm Payrolls for September came in at only 29,000.
The U.S. Bureau of Labor Statistics will release employment data at 20:30. The new Nonfarm Payrolls were 29,000—significantly lower than the market expectation of 90,000; the unemployment rate rose to 4.2%, versus the expected 4.1%. After the data was released, BTC quickly surged from around $86,450 to nearly $87,230.
The fact is that cooling employment has weighed on market expectations that the Federal Reserve will continue tightening. This BTC rally looks more like an immediate repricing of macro interest-rate expectations. Next, more important than the first candlestick, is whether U.S. Treasury yields and spot liquidity can confirm this reaction.
$BTC $ETH #比特币资金费率升至10%未平仓合约回升 nonfarm #美联储何时降息？
The U.S. Bureau of Labor Statistics will release employment data at 20:30. The new Nonfarm Payrolls were 29,000—significantly lower than the market expectation of 90,000; the unemployment rate rose to 4.2%, versus the expected 4.1%. After the data was released, BTC quickly surged from around $86,450 to nearly $87,230.
The fact is that cooling employment has weighed on market expectations that the Federal Reserve will continue tightening. This BTC rally looks more like an immediate repricing of macro interest-rate expectations. Next, more important than the first candlestick, is whether U.S. Treasury yields and spot liquidity can confirm this reaction.
$BTC $ETH #比特币资金费率升至10%未平仓合约回升 nonfarm #美联储何时降息？