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The non-farm data surprised, and the crypto market welcomes the tailwind of interest rate cuts!
Last night, the US August non-farm payroll data significantly missed expectations (only increased by 22,000, expected 75,000), and the unemployment rate rose to 4.3%. The market reacted quickly: the probability of the Federal Reserve cutting interest rates in September surged to 97%!
Core Logic:
The weaker the economic data → The stronger the interest rate cut expectations → The warmer the liquidity expectations → The crypto market benefits!
The long-term target for Bitcoin is set at $125,000, and institutional funds may restart their buying mode.
Reminder:
Next week's CPI data (September 11) and the Federal Reserve's decision (September 17) remain key variables, be wary of short-term fluctuations!
Conclusion:
During the interest rate cut cycle, the crypto market is still the "bull market dances when the dove's voice sounds!"
(Data source: U.S. Bureau of Labor Statistics, CME FedWatch)
#加密市场 non-farm data #美联储降息 Bitcoin #非农就业数据来袭