9:30 The U.S. November non-farm payroll report is highly anticipated, with economists expecting a gain of 40,000 jobs and an unemployment rate of 4.4%. However, job growth may be overestimated, as data from the Labor Department since April may have overestimated by 60,000 jobs each month, meaning actual job growth could be negative. The labor market is in a 'frozen' state, with companies neither hiring nor laying off employees. The performance of the labor market in the coming months will be crucial for Federal Reserve decision-making. #非农就业数据 #黄金
On December 16, the cryptocurrency industry will welcome an annual key variable—the U.S. November non-farm payroll report will officially be released! This is the first monthly employment data after a 43-day federal government shutdown, and the true state of the labor market is about to be revealed. Every fluctuation in the data could stir the winds of the cryptocurrency market. The Federal Reserve has long issued warnings: officials predict the unemployment rate will peak at 4.5%, and Powell has explicitly stated that the job market is under pressure, with job creation possibly falling into negative growth. The current job market is deeply trapped in a "low hiring, low firing" stalemate, with young job seekers bearing the brunt; over half of employers have given a poor rating to the job market for graduates of the class of 2026. Experts generally believe that an aging population and immigration restrictions will continue to tighten labor supply, and monthly employment growth is likely to remain low. $BTC
BTC short-term fluctuations are weak, with a lack of strength in rebounds and cautious funding sentiment. There is clear pressure above, insufficient momentum for bulls, and the short-term remains primarily focused on short positions. If there is a stable increase in volume and the support below holds, consider opportunities for trend reversal. Overall, maintain the idea of range-bound fluctuations.
We are pleased to announce that Binance has obtained full regulatory authorization from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and will operate its global platform under a comprehensive and internationally recognized regulatory framework. #btc
The interest rate hike in the United States is well-known, so let me discuss the impact of Japan's interest rate hike on the blockchain (cryptocurrency) market.
Japan's interest rate increases generally create an overall bearish impact on the blockchain and cryptocurrency market.
The rate hike raises the cost of capital and tightens global liquidity, leading to a decline in risk appetite, with capital more inclined to flow into low-risk assets, thus reducing investment in cryptocurrencies such as Bitcoin and Ethereum.
Interest rate hikes often drive the yen to appreciate, causing Japanese investors to withdraw funds from the crypto market back into their own currency or domestic bonds, resulting in additional selling pressure. $BTC $ETH
Yesterday, the CFTC announced that spot trading of Bitcoin and certain cryptocurrencies can now be conducted on CFTC-registered exchanges in compliance. On the surface, this seems like just opening another door for the CME, but the deeper meaning is that this is the first time the U.S. regulatory framework has explicitly recognized the independence of the 'cryptocurrency market'. #btc