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As soon as the September US Non-farm Payrolls (NFP) data came out, the entire market exploded. 🔥



The new employment figure is 119,000, which directly surpasses the expected 50,000 by several streets. Initially, everyone hoped that the economic slowdown could force the Federal Reserve to accelerate its easing, but the rise in the unemployment rate to 4.4% has complicated the story.

The most direct impact? The probability of a rate cut in December plummeted from the previously popular expectation to around 40%. The market instantly lost its direction.

Bitcoin couldn't hold on either - it directly broke through the $87,000 mark. The shadow of the macro environment has once again cast over, and to be honest, this position is quite awkward. Strong employment data should have been good news, but in the crypto space, it has instead become a bearish signal.

How long do you think this round of adjustment will last? Or is it just another trap to lure people into a short position?
BTC3.3%
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ThreeHornBlastsvip
· 5h ago
Wow, this data is unbelievable. The Federal Reserve really wants to mess us up.
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MEV_Whisperervip
· 7h ago
Once again hammered by macro factors, this crappy data is really unbelievable.
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MentalWealthHarvestervip
· 7h ago
Here comes another round of bear trap tactics. I told you the rate cut wouldn't happen that soon.
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TokenomicsTrappervip
· 7h ago
ngl the employment data just pulled the rug on everyone's "fed pivot" fantasy... classic case of reading the contract wrong 🤡
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AirdropBuffetvip
· 7h ago
Another unexpected event, huh? The nonfarm payroll data was so strong, my long positions got smashed. The probability of a bear trap isn't small, let's wait and see if there's a rebound. Anyone daring to bottom fish at this level is truly brave. Rising unemployment rate is actually a bearish signal, this logic is unbelievable. Feels like we'll have to endure some volatility until the end of the year. After 87000 was broken, when will there be a good entry point? As soon as rate cut expectations collapse, we all suffer here.
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quietly_stakingvip
· 7h ago
Same old trick again. As soon as the rate cut is off the table, they dump the market. The Fed is really ruthless.
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