Bitunix Analyst: NFP Data Incoming, Crypto Market to Experience High Volatility, BTC Long-Term Focus on 78K Support

On April 4th, the US is going to release the March Non-Farm Payrolls (NFP) data today. This data will serve as a crucial indicator for the market to evaluate the future monetary policy of the Federal Reserve. Market expectations are that if the data is weak, the Fed may accelerate the interest rate cuts, which will benefit the cryptocurrency market. Conversely, if the data is strong, it will dampen risk assets. The expected Non-Farm Payrolls: 139K (previous: 151K); the expected Unemployment Rate: 4.2% (previous: 4.1%); the expected Average Hourly Earnings Monthly Growth Rate: 0.4% (previous: 0.3%). Bitunx Analyst Suggestion: A weak job market will strengthen the market's expectation of a Fed rate cut later this year, further enhancing market liquidity and the trend of risk assets. BTC is focusing on short-term support at 80K and long-term support at 78K. Recently, the cryptocurrency market has been affected by Trump's tariff policy and the expectations of global economic slowdown, increasing market volatility. Investors should practice risk management, avoid overexposure in a single direction, and optimize asset allocation to reduce market risk.