#美国就业数据不及预期 The US unemployment rate slightly declined from 4.6% to 4.4%, which sounds good— but there's a bit of a catch. The labor participation rate hasn't improved much, and wage growth is also slowing, dropping from previous levels to 3.7%.

What does this mean? The market has almost given up on the Fed cutting interest rates in January, and the probability of a rate cut in March has also significantly decreased. The result is an interesting contrast in traditional markets: US stocks are rising against the trend, gold is also climbing, while the US dollar remains strong.

Where is the problem? Companies are becoming more cautious in their hiring, and employment pressure in the real economy is not small. Under this situation, the Fed is likely to remain cautious. Moving forward, we need to closely watch how inflation data and employment trends develop, as this directly affects the rhythm of @BTC@ and the entire crypto market.