Today, let's briefly discuss non-farm payroll data and Japan's interest rate hike. Many people might be overcomplicating it again.

First, about non-farm payrolls—unemployment rate has indeed risen, but do you really think the market believes this is a sign of recession? I don't think so.

Look at the US stock market; it didn't take it seriously at all, and some even cheered—why?

Because the more people lose their jobs, the more some expect the Federal Reserve to cut interest rates quickly.

As a result, last night, the US stocks not only didn't crash but actually stabilized, and Bitcoin also rebounded a bit.

What does this indicate? Whether the data itself is good or bad isn't that important; what's crucial is what story the market is willing to listen to.

As long as it can be framed as "rate cuts are bullish," the trend can continue.

Now, about Japan's interest rate hike—I’ve talked about this quite a few times.

The rate hike is already a known fact; the market has largely digested it. When the news actually lands, expecting a big move is already unlikely.

Is the current interest rate high? Not really. What truly makes people uneasy is whether there will be further hikes.

If tightening continues, it’s like a slow knife cutting into the flesh. So, the market's reaction now has already played out.

Look at the news, don’t just focus on the surface; more importantly, pay attention to expectations. #BTC #GM代币上线与推广