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The U.S. employment market data for June is about to be revealed, and the market generally maintains a cautious attitude. Analysts predict that the seasonally adjusted non-farm payrolls for June may sharply decline to 116,000, while the unemployment rate is expected to rise. This data will have a significant impact on the financial markets, and investors are closely following the developments.
It is worth noting that the recently implemented tariff policies may begin to have a negative impact on the job market. This data may just be the beginning, and the unemployment rate may further rise in the coming months due to the continued effects of the tariff policies, which could become a real risk faced by the economy.
The impact on the market after the data is released will depend on its specific performance:
If the employment data falls short of expectations, it may strengthen the market's expectations for interest rate cuts, which could have a positive impact on the cryptocurrency market.
On the contrary, if the data is exceptionally strong, it may trigger panic in the market, and Bitcoin may face the risk of a pullback.
Currently, the price of Bitcoin is slowly declining amidst fluctuations. Investors should closely follow the subsequent market trends to seize potential trading opportunities. During this uncertain period, it is crucial to maintain vigilance and a flexible investment strategy.