BlockBeats News: On April 4th, Coindesk analyst Omkar Godbole stated that Bitcoin (BTC) bulls may be in a situation where they will benefit regardless of the outcome, meaning that regardless of the strength of the labor market shown by employment data, Bitcoin bulls may become the ultimate winners. This special situation stems from President Trump's comprehensive tariff policy announced on Wednesday, and forward-looking markets have begun to price the risk of economic recession and the expectation of the Federal Reserve cutting interest rates.
Therefore, even if the non farm payroll data is stronger than expected (usually boosting the US dollar and suppressing risky assets such as BTC), the market may consider it outdated information, and any BTC decline caused by strong data may quickly reverse and eventually turn into an increase. On the contrary, if the data is weak, it will only exacerbate recession concerns, strengthen expectations of Fed interest rate cuts, and reignite risk appetite in financial markets.
BlockBeats note: Non farm payroll data will be released tonight at 20:30 Beijing time.
