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Details: ht
Will the announcement of the unemployment rate in the United States affect the nerves of the crypto world? Don't be silly!
This afternoon at 20:30, the U.S. Department of Labor is going to release that so-called "big data" again. Every month at this time, the encryption circle starts to get collectively anxious, as if the coins in everyone's hands are directly linked to whether Americans can find jobs or not.
To be honest, I can't help but laugh at those analysts wracking their brains trying to interpret the relationship between the US unemployment rate and Bitcoin prices. Does a US unemployment rate of 4% or 4.1% really determine whether I have a few more coins in my wallet or a few less ethers?
Powell's words, saying things like "only consider lowering interest rates if the unemployment rate is above 4% and the inflation rate is below 2%", are delivered with such seriousness. The market reacts as if it has just heard some apocalyptic prophecy, immediately starting to ponder: "Oh, this data is 0.1% higher than expected, should we buy in?"
The real joke is how strong the correlation between these macroeconomic indicators and the encryption market really is; it's simply an unsolved mystery. A few years ago, some people said Bitcoin was the "digital gold" that could resist inflation, but the result was that when inflation was high, it dropped worse than tech stocks.
If the unemployment rate in the United States is higher than expected this time, we will see those analysts jump out and say: "Look, the expectation for interest rate cuts has increased, the coin price will rise!" Then, if the coin price doesn't rise, they will say: "Ah, other factors have a greater impact." They can always make excuses!
In simple terms, large platforms use this economic data to create a sense of tension, making retail investors believe that they can really predict the market through this data. The truth is, the big players have already set the stage before you even look at this data.
No matter how the U.S. unemployment rate data looks tonight, I just want to say one thing: don't tie your investment decisions completely to data that you cannot control and that may even be manipulated. This market has never been driven by rationality.
Those who stare at the screen all day waiting for U.S. data might as well calm down and study the actual applications and development prospects of projects. This is what truly determines value in the long run, not a country's employment report for a certain month.