#美国非农就业数据未达市场预期 The US labor market is slowing down, and this time it's really different

The December 2025 non-farm payroll data just came out, showing only 50,000 new jobs—far below the expected 60,000 to 73,000. Although the unemployment rate slightly returned to 4.4%, this set of data clearly signals: the US labor market is continuing to cool.

More importantly, this opens up new possibilities for the Federal Reserve's policy. The CME FedWatch tool now shows a 97% probability of holding interest rates steady at the January meeting, with potential rate cuts twice after 2026. Historical patterns are clear—once a rate cut cycle begins, high-risk assets like $BTC often become targets for capital chasing returns.

The market immediately responded. On the day the data was released, Bitcoin surged past $90,000, and gold also rose nearly $30. This not only reflects investors' concerns about economic slowdown but also indicates that everyone is looking for inflation hedges and safe-haven exits.

The current question is whether Bitcoin can hold the critical resistance of $92,000. As long as this level is maintained, there is real room to challenge the psychological barrier of $100,000. Once the Federal Reserve truly starts cutting rates, a liquidity-driven new trend may be just around the corner.

$ETH It is also worth noting that the entire crypto ecosystem is waiting for this turning point.