In the US, the September non-farm payrolls only added 29,000 jobs. This data has me a bit baffled 😮

The expectation was 80,000 to 90,000—yet the result came in at just 29,000!
And in the past two months, they secretly revised it downward by 60,000 😂

What really stings is that the unemployment rate rose to 4.2%, and average hourly earnings only increased by 0.1% month-over-month—wages aren’t really rising either.

Plainly put: companies aren’t hiring much, and people also don’t dare to switch jobs ～

My take is pretty straightforward: for the crypto market, this is “good news within bad news.” As rate-hike expectations cool off, the CME’s bets on a rate hike in October have dropped to just over 20%.
$BTC At the time, it directly surged from around 85k and jumped upward, even briefly breaking $87,000.

But I’ve got to pour some cold water on this:
With employment this bad, it’s no longer as simple as “not raising rates.”
Think about it—if companies really start refusing to hire on a large scale, what comes next? Layoffs. Then a downgrade in consumption. Then an economic slowdown.
By that point, the market won’t be worrying about whether rates will be raised, but whether a recession is coming.
And if it gets to that stage, the big pie will still fall along with the stock market…

My own trading idea is: don’t chase the price, and don’t go all-in,
because the first spike after this kind of data is often a sentiment-driven move—not a trend.
So if you really want to get on board, I suggest waiting until it stabilizes first ～

So what do you think— is this a “one-off buy” or a turning-point signal?
Feel free to leave your views in the comments section 🥳
#美国9月非农仅增2.9万人失业率升至4.2%