Worrying signals are emerging in the U.S. job market. The latest data shows that the number of people applying for unemployment benefits has soared to 248,000, the highest level since the COVID-19 pandemic began in 2021. Even more concerning is that this figure has risen for four consecutive weeks, indicating that a recession in the job market may have become a trend rather than a short-term Fluctuation.

Analysis suggests that the effects of the previously implemented tariff policies are beginning to manifest at the economic level. The market expects that in the coming months, the unemployment rate and inflation may continue to rise. Meanwhile, the Federal Reserve faces a dilemma, finding it difficult to stimulate the economy through interest rate cuts and can only maintain high interest rates, which will undoubtedly further suppress economic vitality, creating a vicious cycle.

At the same time, the cryptocurrency market is also showing noteworthy volatility. Bitcoin has risen about 60% from the $70,000 level, accumulating considerable room for a pullback. A decline from $110,000 to $100,000 may be seen as only a small correction in the current price range, and it may be a long way from a true market bottom. A technical rally in the market is likely to be followed by a recent sharp short-term decline, which provides a window for investors to reassess the direction of the market.

The changes in these economic data have a significant impact on the financial markets, which is worth the high attention of all investors, as they may indicate a broader economic cycle shift.