#美国非农就业数据表现强劲 What does the Fed's move and the unemployment rate soaring to 4.6% mean for the crypto world?

Last night, the US employment data was released, and the unemployment rate unexpectedly jumped to 4.6%. The market reacted quickly—interest rate futures priced in two rate cuts in 2026, with even a 31% probability of a rate cut in January.

Does this seem like good news? But there's a detail worth cautioning about.

The unemployment rate hitting a new high and non-farm payrolls exceeding expectations led the market to interpret these data as a sign of rate cuts, giving traders an adrenaline boost. The question is, how long can this boost last? Beneath the surface of good news, the Fed's stance remains hawkish, and ultimately, the market will return to rationality. Last night's market fluctuations are the best proof of this.

**What is the more prudent way to operate now**

Spot traders: If you can withstand the volatility, there's no need to rush into the market. Time will tell.

Futures traders: Don't rush to bottom-fish; this isn't the ideal entry point yet. Shorting might be a safer approach.

$BTC's direction ultimately depends on the Fed's true intentions, not just market sentiment at the moment. Until clear signals appear, patience and caution are the right approach.