PANews reported on May 3 that the non-farm payrolls report released on May 3 showed that 177,000 new jobs were created in April, lower than the previous month but higher than expected, indicating that employment slowed down but was not as weak as the market feared; the unemployment rate remained stable at 4.2%, still at a high level. Average hourly wages increased by 0.2% month-on-month and 3.8% year-on-year, wage growth slowed down, and inflation pressure was mild. FedWatch showed that the probability of a rate cut in June dropped to 50%, and the market was still uncertain about the economy and policy path. Overall, the employment data was not bad but wages were weak, the Fed may still remain on the sidelines, market volatility intensified, and Bitcoin maintained a consolidation pattern in the short term.

Bitunix analysts recommend:

The data shows contradictions, with employment resilience and wage slowdown intertwined. BTC is still constrained by $97,000 in the short term, and it is necessary to observe whether there is a breakthrough in volume; if the expectation of interest rate cuts heats up again, pay attention to the trend of the US dollar and interest rates, and adjust positions flexibly. It is recommended to continue to observe the FOMC's movements and allocate stablecoins or gold to hedge policy and macro risks.