Bitunix Analyst: Non-farm new 177,000 higher than expected, weak wages, BTC waiting to break through $97,000

On May 3rd, the non-farm report released on May 3rd showed that the new employment 177,000 in April, lower than the previous month but higher than expected, indicating that the employment slowed but not as weak as the market worries; the unemployment rate remained stable at 4.2%, still at a high level. The average hourly wage rose by 0.2% a month and 3.8% a year, wage growth slowed down, and inflationary pressure was moderate. FedWatch showed that the probability of interest rate cuts fell to 50% in June, and the market is still uncertain about the economic and policy path. Overall, the employment data is not bad but wages are weak. The Federal Reserve may remain on the sidelines. The market volatility intensified, and Bitcoin maintained the consolidation pattern in the short term.
Bitunix analysts suggest: contradictory data performance, employment resilience and wage slowdown staggered, BTC short-term is still subject to $97,000, need to see if there is a volume can break through; if interest rate cuts are expected to heat up again, pay attention to the trend of the dollar and interest rates, and flexibly adjust positions. It is recommended to continue to observe the FOMC trend, and allocate stablecoins or gold to hedge policy and macro risks.