Non-farm payrolls tonight—will BTC first kneel or take off? 80k people have already started to lose sleep

The US-Iran situation these days is very much like an “upgraded cold war” between lovers. First, there were reports that “peace talks have a chance,” then the Hormuz Strait suddenly sparks. After the U.S. Central Command confirmed intercepting an Iranian attack, global markets instantly shifted into “run first, talk later” mode: US stocks plummeted from high levels, gold fluctuated wildly, oil prices rollercoastered, and BTC was kicked back below $80k.

But the real big boss is actually tonight’s non-farm payroll report.
The market’s biggest fear isn’t war, but “war + Federal Reserve not cutting interest rates.” If the non-farm data continues to be strong, it means US employment remains hot, giving the Fed a reason to keep its hawkish stance: “Inflation isn’t dead, wait a bit longer to cut.” Risk assets will come under pressure again, and BTC is likely to be hammered further.

But if non-farm surprises to the downside, the situation changes. The market will immediately start fantasizing about “rate cuts in September” and “two cuts this year,” liquidity expectations will warm up, and BTC might have a chance to re-claim $80k.

I’m watching three key pieces of news:
First, will Iran block the Hormuz Strait?
Second, will the US escalate military responses?
Third, will Federal Reserve officials’ speeches tonight remain hawkish?

Right now, BTC is in a tricky spot: it’s both seen as a “risk asset” and hyped as “digital gold.” When war breaks out, theoretically, it should rise; when rate hike expectations heat up, it drops again. So lately, it’s like a schizophrenic patient.

My view: short-term volatility is huge, but as long as non-farm isn’t extremely strong, the probability of BTC reclaiming $80k isn’t low. Because the market is really betting on “future liquidity injections,” not today’s data.

One sentence summary:
It’s not a bull-bear battle now, but “who presses the button first—missiles or money printers.”
#Gate广场五月交易分享