#数字资产行情上升 The US December employment growth slowdown becomes a focus—ADP data shows an increase of only 41,000 jobs, well below expectations. This directly sends a signal: the labor market is cooling down.

Market reactions were swift. US Treasury yields fell accordingly, $BTC stabilized at the $92,000 mark, and $ETH remained steady around $3,250. The logic behind this is clear: expectations of easing are heating up. Some predict a potential rate cut of 75-100 basis points in 2026, and Federal Reserve officials have even mentioned that "rate cuts this year could exceed 100 basis points."

But here’s a key point—everything still depends on this Friday. The non-farm payrolls data is the real decisive factor; if that data also appears weak, the probability of a rate cut in January could significantly increase. Conversely, if the unemployment rate does not rise noticeably, the story of rate cuts might reverse.

This is the current situation: the window for policy expectations has opened, and structural opportunities are hidden within. Investors need to keep a close eye on these data points and not miss potential turning points.