
Phyrex|May 02, 2025 20:08
The non farm payroll data released this Friday showed steady performance, with the unemployment rate remaining at 4.2% and employment numbers lower than before but higher than expected. Coupled with a slowdown in wage growth, it helped alleviate concerns about a US economic recession and injected confidence into the market.
The market's expectations for the Federal Reserve to cut interest rates have begun to slow down, with an increase in expectations for no rate cuts in June. The first rate cut in 2025 is now expected to be postponed until July.
The US stock market and Bitcoin rose in response, with BTC stabilizing around $97000. However, in the short term, some investors have chosen to buy safely, resulting in an increase in turnover rate.
The range of $93000 to $98000 is still the core liquidity zone. Once the holders' emotions stabilize, this range will continue to provide strong support and attract funds, and the market will maintain a moderate optimism.
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