US data conflict! Non-farm payrolls explode while unemployment is high, should you hold or rush with your coins?
The freshly released US data is quite interesting, two major data points are directly "conflicting"! Let me break it down for you.
The data says:
Non-farm employment reached 64,000, far exceeding expectations, while the unemployment rate rose to 4.6%, higher than expected.
What impact does this have on the crypto market?
These two signals, one positive and one negative, will make the market feel very "conflicted". In the short term, strong non-farm data may cause the market to worry about the Federal Reserve tightening its policy, putting some pressure on risk assets including cryptocurrencies. However, the higher unemployment rate acts like a "buffer", cooling expectations for aggressive rate hikes.
What should individuals and players do?
I believe this precisely illustrates the complexity of the economic situation, where a single data point cannot determine a bull market or a bear market. For us players:
Don't panic: Market volatility is the norm, and such contradictory data may actually reduce the risk of a one-sided crash.
Think long-term: If the Federal Reserve becomes more cautious as a result, it could actually be a positive for the long term. The key narrative hasn’t changed.
Control your actions: Now is not the time to go all in or liquidate your holdings. For those with heavy positions, hold onto core assets and don't panic sell; for those with lighter positions, you can take the opportunity to selectively focus on promising targets during the pullback, but never chase high prices.
I am Qihe, focused on sharing valuable insights in the crypto world. If you find it useful, please follow me, and let's discuss market dynamics together! Follow Qihe, + chat room to help you avoid pitfalls, and get timely insights on subsequent capital movements to seize every profitable opportunity!