U.S. Employment Data to Influence Federal Reserve's Monetary Policy

According to BlockBeats, the United States is set to release its March non-farm payroll (NFP) data today, which is expected to be a key indicator for the Federal Reserve's future monetary policy decisions. Market expectations suggest that if the data is weak, the Federal Reserve may accelerate interest rate cuts, potentially benefiting the cryptocurrency market. Conversely, strong data could negatively impact risk assets. The anticipated non-farm payroll figure is 139,000, down from the previous 151,000. The unemployment rate is expected to be 4.2%, slightly higher than the previous 4.1%. The average hourly earnings month-on-month growth rate is projected at 0.4%, compared to the previous 0.3%. Analysts from Bitunx advise that a weak employment market will strengthen expectations for interest rate cuts by the Federal Reserve within the year, enhancing market liquidity and the performance of risk assets. Bitcoin is currently focusing on short-term support at 80,000 and long-term support at 78,000. Recently, the cryptocurrency market has been affected by U.S. President Donald Trump's tariff policies and global economic slowdown expectations, leading to increased market volatility. Investors are advised to manage risks carefully, avoid excessive positions in a single direction, and ensure proper asset allocation to mitigate market risks.