Analyst: Regardless of tonight's NFP data, the crypto market could see a rebound

BlockBeats News, April 4th, Coindesk analyst Omkar Godbole stated that the Bitcoin (BTC) longs are currently in a "profit regardless" situation, meaning that regardless of whether the employment data shows strength or weakness in the labor market, Bitcoin longs could end up being the ultimate winners. This unique situation stems from the comprehensive tariff policy announced by President Trump on Wednesday, and forward-looking markets have already begun pricing in the risks of an economic downturn and expectations of a Fed rate cut.

Therefore, even if the nonfarm payroll data comes in stronger than expected (which usually boosts the dollar and suppresses BTC and other risk assets), the market may view it as outdated information. In that case, any BTC dip triggered by strong data could quickly reverse and turn into an upward movement. On the other hand, if the data is weak, it will only exacerbate recession fears, strengthen expectations of a Fed rate cut, and reignite risk appetite in the financial markets.

BlockBeats Note: The nonfarm payroll data will be released tonight at 20:30 Beijing time.