BitUnix analyst: US February ADP employment data weak, expectations of interest rate cuts rise, crypto market continues to rebound

According to BlockBeats, as of press time on March 6th, the price of Bitcoin is currently around $92151, with a intraday high of $92293 and a low of $89955, rebounding over 13% in a short period of time. In February, the ADP employment population in the United States only increased by 77000 people, the smallest increase since July 2024, far below the market expectation of 140000 and the previous value of 186000. The weak data may indicate that the upcoming non farm payroll report on March 7, 2025 (with a previous value of 143000 and a forecast of 193000) may also fall short of expectations. This has raised concerns in the market about a slowdown in US economic growth, which may affect the Federal Reserve's monetary policy decisions. Analyst opinion: If non farm employment data continues to be weak, it may lead to a decrease in market confidence in the US dollar. Before the release of non farm payroll data, it is recommended to operate cautiously and wait for market reactions to become clear before making layouts.