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The number of initial jobless claims in the United States for the week ending February 14th was 206,000, lower than the previous figure of 227,000 and the expected 225,000. This data indicates that the US labor market is performing better than expected, which is generally seen as a sign of a healthy economy.
For the crypto market (especially cryptocurrencies like Bitcoin), this news can be considered bearish. The reasons are as follows:
1. Strong economic data: Better-than-expected employment figures suggest a healthy economy, which may prompt the Federal Reserve to maintain or accelerate tightening monetary policies (such as interest rate hikes) to prevent overheating and rising inflation.
2. Rising interest rate expectations: Tightening monetary policy usually leads to higher interest rates, which increases the opportunity cost of holding cryptocurrencies. Investors might shift to more stable assets (like bonds), causing cryptocurrency prices to fall.
3. Decreased risk appetite: Strong economic data may lead to reduced risk appetite in the markets, with investors potentially reducing investments in high-risk assets (like cryptocurrencies).
Therefore, the lower-than-expected US initial jobless claims are bearish news for the crypto market.
In summary: The rate hike expectations are heating up, and 😌🈳️ is over
$BTC 66,000#何时是最佳入场时机 🈳️, stop loss at 68,800, take profit at 65,000—63,000—60,000—50,000