The initial jobless claims for the week ending March 28 in the United States are the key indicator for Federal Reserve rate cut expectations and short-term market sentiment for Bitcoin.



Key Conclusions

• Data above expectations: Weak employment → Increased rate cut expectations → US dollar, US stocks, gold, and Bitcoin benefit

• Data below expectations: Strong employment → Delayed rate cuts → US dollar rises, short-term negative for Bitcoin

• Data in line with expectations: Neutral oscillation, limited volatility

Straightforward summary of the Bitcoin circle

Initial claims = liquidity indicator

• Poor data → Expectation of easing → Bitcoin easily inflates

• Good data → Delay in rate hikes/drops → Bitcoin easily dips

Only affects short-term sentiment, does not change the medium-term trend. #BTC
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