🔥Non-farm payrolls surprise! The Federal Reserve's interest rate cut expectations turned upside down, will the crypto market change dramatically?🚨
In January, the U.S. non-farm employment population surged by 130,000, far exceeding market expectations, marking the largest increase in nearly 10 months! As soon as the data was released, the dollar index soared, and non-US currencies collectively plunged, with traders directly cutting the probability of a Federal Reserve rate cut in March by half!
On one side, Trump praised the data and urged the Federal Reserve to lower rates to the 'lowest in the world'; on the other side, Federal Reserve officials held differing opinions: Harmack said the unemployment rate had stabilized, Schmid wanted to maintain restrictive rates, while Milan and White House advisors said, 'There is still room for rate cuts.' This division signals is simply feeding the crypto market a big piece of news!
💡Technical interpretation:
✅- The dollar surged sharply, temporarily suppressing major coins like BTC and ETH, but the market's expectation of a 'strong economy + soft landing' may attract new funds to enter the market.
✅- Although the expectation of a rate cut has been postponed, it has not disappeared; once inflation data falls, the crypto market will welcome a new wave of liquidity frenzy.
🚨Key signal: #美国零售数据逊预期
Non-farm data is just an appetizer; the upcoming CPI and Federal Reserve meeting are the main events! Remember: the change in expectations is more important than the data itself. The current volatility is all gearing up for the next big market move.
Dogecoin, Ethereum, and other coins often experience initial suppression followed by a rise under such macro volatility, don’t be intimidated by short-term fluctuations, hold tight, and wait for the liquidity turning point! $ETH
💬Comment section check: Do you think this non-farm report is positive or negative? Is a rate cut in March still possible? $DOGE