Just thinking about how today is a holiday, I forgot that there is non-farm payroll data today. However, just as I expected, because it is during the US stock market closure, and the impact of the non-farm data is not too significant right now, indeed after the data was released, there was not much fluctuation in the price of $BTC. From the data, this non-farm report is quite good, first of all, the unemployment rate has decreased, which is one of the most important data points, still indicating that the probability of a recession in the United States is low.

Although there are concerns about rising oil prices triggering a recession, the employment situation is still pretty good, and non-farm employment has exceeded expectations by nearly three times, so the data is quite good. If today were not a market closure, US stocks might have surged a bit. However, the annual and monthly wage growth has slowed down, and both of these values are below expectations. For now, the impact is not significant; let’s wait and see how the war ends.

Overall, today is still a day dominated by the Iran war. The unfortunate thing is that even though Trump declared victory unilaterally, Iran refused to meet with the US in Islamabad and also rejected the ceasefire proposal. The war continues, and there is an intention to expand it further. I don’t understand why Trump was bombing heavily the day before and then wanted a ceasefire the next day; if it were me, I might not agree either.

Returning to the Bitcoin data, it has indeed entered holiday time, the turnover rate has significantly decreased, and the trading volume is at a dog-like bottom. This kind of trading should not have much impact on the price, as long as Trump doesn’t cause any trouble, this weekend can still be enjoyed.

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