$BTC 碰上弱非农，就能放心当利好吗？
Tonight the U.S. Bureau of Labor Statistics will release the September jobs report: nonfarm payrolls only increased by 29,000, with a combined downward revision of 60,000 for July and August. Even the earlier figures are weaker as well.
But the unemployment rate is 4.2%, and the official line is that the change is not significant. In the trending headline that says “rose to,” don’t read it as the unemployment rate suddenly jumping up.
A cooling in employment could ease rate-hike pressure—or it could also make investors worry about the economy. For Bitcoin, easing rate pressure is one layer; if investors start cutting exposure to risk assets, another layer of pressure will follow.
I’m not comfortable declaring $BTC a “good thing” based only on the headline number for new jobs. Weak data can change rate expectations, but whether buy-side demand can hold up still depends on trading.
Open $BTC and compare the price and trading volume before and after the nonfarm release: if it spikes higher, can subsequent volume keep up?
$BTC #U.S. September nonfarm payrolls added only 29,000; unemployment rate rose to 4.2%
Tonight the U.S. Bureau of Labor Statistics will release the September jobs report: nonfarm payrolls only increased by 29,000, with a combined downward revision of 60,000 for July and August. Even the earlier figures are weaker as well.
But the unemployment rate is 4.2%, and the official line is that the change is not significant. In the trending headline that says “rose to,” don’t read it as the unemployment rate suddenly jumping up.
A cooling in employment could ease rate-hike pressure—or it could also make investors worry about the economy. For Bitcoin, easing rate pressure is one layer; if investors start cutting exposure to risk assets, another layer of pressure will follow.
I’m not comfortable declaring $BTC a “good thing” based only on the headline number for new jobs. Weak data can change rate expectations, but whether buy-side demand can hold up still depends on trading.
Open $BTC and compare the price and trading volume before and after the nonfarm release: if it spikes higher, can subsequent volume keep up?
$BTC #U.S. September nonfarm payrolls added only 29,000; unemployment rate rose to 4.2%