Recent statements by Federal Reserve officials have attracted market attention. According to the latest labor data, the US added only 50,000 new jobs last month. What does this number indicate? The hiring market remains sluggish, and companies' willingness to hire is not strong.

In terms of the unemployment rate, there has been a slight improvement, decreasing to 4.4% from previous levels. However, behind this small decline is a delicate balance between labor supply and demand that is changing.

Where should we be particularly cautious? First, the risk of the unemployment rate continuing to rise is imminent. Second, inflation remains at a relatively high level, and the combined effect of these factors should not be underestimated. For traders observing the direction of the crypto market, these macroeconomic data often serve as early indicators of market trend changes.