The United States Bureau of Labor Statistics (BLS) will release the monthly Nonfarm Payroll (NFP) report on August 2 as Bitcoin and altcoins like Ethereum, Solana, and Dogecoin struggle to find direction.

美國勞工統計局 (BLS) 將於 8 月 2 日發布月度非農業就業 (NFP) 報告，因為比特幣和以太幣、Solana 和 Dogecoin 等山寨幣正在努力尋找方向。

Cryptocurrencies sustained losses this week amid rising geopolitical tensions in West Asia. Besides, investors did not buy the dovish stance fronted by the Federal Reserve on Wednesday, leaving interest rates at 5.25% – 5.5%.

由於西亞地緣政治緊張局勢加劇，加密貨幣本週持續下跌。此外，投資人並不認同聯準會週三的鴿派立場，維持利率在5.25%至5.5%之間。

NFP Explained: How Nonfarm Payroll Impacts Crypto Prices

NFP 解釋：非農就業如何影響加密貨幣價格

The NFP report measures the change in the number of US jobs created or lost in a month. Released on the first Friday of each month at 8:30 AM EST, it's a crucial economic indicator. Economists use this data to gauge the country's economic health as it directly reflects growth, consumer spending, and total economic activity.

NFP報告衡量了美國一個月內創造或失去的就業數量的變化。該指標於美國東部時間每月第一個週五上午 8:30 發布，是一項至關重要的經濟指標。經濟學家利用這些數據來衡量該國的經濟健康狀況，因為它直接反映了成長、消費者支出和總體經濟活動。

Higher NFP figures—above expectations are viewed as positive for the US dollar but pose immense risk for volatile assets like Bitcoin, stocks, and crypto. A stronger NFP will trigger a US dollar rally which means risk off and eventually a Bitcoin price crash.

較高的非農就業數據－高於預期被認為對美元有利，但對比特幣、股票和加密貨幣等波動性資產構成巨大風險。更強勁的非農就業數據將引發美元上漲，這意味著風險規避並最終導致比特幣價格暴跌。

Subsequently, Bitcoin will benefit should the Nonfarm Payroll report come out lower than expected, exerting pressure on the US dollar. This may culminate in a weaker currency, bolstered by several interest rate cuts before the end of 2024, which could significantly bump up the progress of risk assets. Consistent interest rate cuts would drive Bitcoin price as the US economy slows down.

隨後，如果非農業就業報告低於預期，比特幣將受益，從而對美元施加壓力。在 2024 年底前多次降息的支撐下，這可能最終導致貨幣走弱，這可能會顯著提高風險資產的進展。隨著美國經濟放緩，持續降息將推動比特幣價格上漲。

The overall expectation is that July's Nonfarm Payroll data today will increase by 175k following a 206k jump in June and further clear the course for several interest rate cuts before the end of the year.

整體預期，繼 6 月躍升 20.6 萬之後，今日 7 月非農就業數據將增加 17.5 萬，進一步明確年底前多次降息的方向。

Bitcoin Price Bounces Back Targeting $70,000

比特幣價格反彈至 7 萬美元

Bitcoin price is back to trading above the 200-day Exponential Moving Average (EMA) in purple on the four-hour chart after bulls fiercely defended $62,000 support on Thursday. From the Money Flow Index (MFI), which, despite falling to the oversold region, has recovered to 29, BTC price could slowly regain momentum, targeting the psychological resistance at $70,000.

在周四多頭猛烈捍衛 62,000 美元的支撐位後，比特幣價格在四小時圖表上回到紫色的 200 天指數移動平均線 (EMA) 上方。從資金流向指數（MFI）來看，儘管跌至超賣區域，但已恢復至29，BTC價格可能會慢慢恢復動力，目標是70,000美元的心理阻力位。

Traders will look out for a daily close above $65,372—the previous day's open and, subsequently, the 20-day EMA in blue to validate the reforming trend reversal. A break above $66,000 support/resistance will reinforce the bullish grip as traders target two key levels at $68,000 and $70,000.

交易者將關注每日收盤價高於 65,372 美元（前一天的開盤價）以及隨後的藍色 20 日均線，以驗證改革趨勢的逆轉。突破 66,000 美元的支撐/阻力位將加強看漲勢頭，因為交易者的目標是 68,000 美元和 70,000 美元的兩個關鍵水平。