#美联储降息 The latest US employment data shows an interesting phenomenon: non-farm payrolls increased by 64,000, significantly exceeding expectations, yet the unemployment rate rose to 4.6%, which is higher than anticipated. This "one rise, one fall" contradictory signal is stirring the entire market.

Let's first consider the potential impact on cryptocurrencies. Strong non-farm data typically reinforce the Federal Reserve's hawkish stance, which could reignite expectations of aggressive rate hikes, putting short-term pressure on risk assets like BTC and ETH. But there's a twist—rising unemployment itself may reduce the need for aggressive tightening, giving the market some breathing room.

In simple terms, the economic situation is quite complex, not a black-and-white choice. From this perspective, contradictory data might actually reduce the risk of a one-sided plunge, as the market needs to digest and balance these two signals.

A few suggestions for holders: First, don't overreact; fluctuations are normal in the market, and changing strategies based on one or two data points is often counterproductive. Second, think long-term—if the Fed becomes more cautious because of this, it may not be a bad thing in the long run, as the core market narrative remains unchanged. Lastly, the most important thing is to maintain rational position management: hold core coins if heavily invested, and for lighter positions, consider gradually deploying into promising assets, but never chase highs during such volatile periods.

Economic data will continue to be released, and market expectations will keep adjusting. The key is not to be blinded by short-term noise.