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#数字资产行情上升 Super Data Week kicks off! This Friday, the US December Non-Farm Payrolls report will be released, and the global financial markets are bound to experience new volatility.
The latest institutional forecasts show: non-farm employment is expected to increase by only 55,000, a significant decline from the previous 64,000; the unemployment rate is expected to drop from 4.6% to 4.5%; and average hourly earnings growth is projected to rebound from 3.5% to 3.6%.
Behind this set of data lies a contradiction—lower employment figures usually signal a cooling labor market, but the unemployment rate is actually decreasing. Many analysts overlook a key fact: the guiding significance of non-farm employment has been greatly weakened; the unemployment rate is the true indicator that can comprehensively reflect the state of the labor market. This metric will directly determine the direction of the US dollar index, which in turn influences the entire crypto market.
The logic is clear. If the data suggest a weak labor market, the market will reassess the Fed's room to cut interest rates, putting pressure on the dollar, and liquidity conditions will become more relaxed. This is positive for US stocks and cryptocurrencies. Conversely, if the employment market remains resilient, expectations of rate cuts will fade, the dollar will strengthen, risk appetite will decline, and various assets will face adjustment pressures.
The only focus this Friday is the unemployment rate. Unless non-farm employment falls into negative territory or shows extreme deviation, this data will be the decisive factor influencing market direction. Traders need to accurately grasp this indicator to make steady decisions in this round of non-farm trading. $BTC $ETH