Recently, the employment data for November released by the United States is quite interesting. On the surface, the addition of 64,000 jobs exceeded market expectations, but the unemployment rate instead jumped to 4.6%, the highest point in nearly four years.
Turning around, the data for October was also revised downward — the number of unemployed decreased by 105,000.
What is the main reason behind this? The Trump administration's "deferred resignation" plan led to over 150,000 federal employees being removed from the payroll.
This set of data is a mixed bag, leaving the market a bit confused. However, traders remain optimistic, continuing to bet on two interest rate cuts in 2026.
But there's a problem here — due to the previous government shutdown, the employment data for October and November actually has the potential for distortion, significantly reducing its reference value.
The people at the Federal Reserve should be well aware of this; they are more likely to focus on the non-farm payroll report for December, which will be released in early January 2026, as that will be the real basis for decision-making.
From the performance of the cryptocurrency market, Bitcoin did rebound somewhat after this data was released, stabilizing around $87,000.
However, many analysts warn that the market environment is actually quite fragile.
Without positive stimulus signals, Bitcoin could potentially fall below $80,000 in the short term.
So now it’s a matter of observation, whether there will be new favorable news to provide support or if it will continue to face pressure. $BTC #美国非农数据超预期
