The freshly released non-farm data is simply a booster shot for the bulls!

Tonight #非农数据 Review:

Non-farm employment: Actual recorded 130K, far exceeding the expected 66K. Although the data itself doubled, let’s not forget that the 2025 benchmark was significantly revised down by 862,000, which means that the past job market is actually “weaker” than we imagined.

Unemployment rate: Actual 4.3%, better than the expected 4.4%.

Wage growth: Hourly wage increased by 0.4% month-on-month, higher than the expected 0.3%, indicating that inflationary pressures are still present, and the Federal Reserve may not lower interest rates as much as expected.

What does this mean for the cryptocurrency market?

Short-term volatility: At the moment the data was released, BTC showed a significant spike. On one hand, better-than-expected employment is good for the dollar (bad for cryptocurrencies), while on the other hand, the significant downward revision of the benchmark weakens the dollar's strength.

“Digital gold” logic: Combined with #黄金白银反弹 , the market is digesting a logic of “the economy is resilient but long-term inflation is hard to reduce.” This is a long-term positive for BTC as an anti-inflation asset.