Bitunix analyst: Non-farm increase of 177,000 more than expected, wages are weak, BTC is waiting to break $97,000

According to PANews on May 3, the non-farm report released on May 3 showed that 177,000 new jobs were created in April, lower than the previous month but higher than expected, indicating that employment slowed down but was not as weak as market concerns; the unemployment rate remained stable at 4.2%, still at a high level. The average hourly wage increased by 0.2% per month and 3.8% per year, wage growth slowed down and inflationary pressure was moderate. FedWatch shows that the probability of interest rate cuts dropped to 50% in June, and the market is still uncertain about the economy and policy path. Overall, the employment data is not bad but the salary is weak. The FRC may still remain on the wait-and-see sidelines, the market fluctuations intensify, and Bitcoin maintains a consolidation pattern in the short term.

Bitunix analysts recommend:

The data shows contradictory, employment resilience and salary slowdown intersect. BTC is still subject to US$97,000 in the short term. It is necessary to observe whether there is a volume that can break through; if the expectation of interest rate cuts heats up again, pay attention to the trend of the US dollar and interest rate and flexibly adjust positions. It is recommended to continue to observe the trends of FOMC and configure stablecoins or gold hedging policies and macro risks.