QCP: Dữ liệu việc làm mạnh mẽ làm chuyển trọng tâm sang lạm phát, bitcoin đang chờ hướng dẫn từ CPI

The Huoxing Finance report states that on September 7, QCP Capital released its latest "Market Colour," noting that the U.S. employment report for August was significantly stronger than expected, with 162,000 new jobs added—far exceeding the market forecast of 55,000 and showing a clear rebound from the revised 21,000 in July. The unemployment rate remained at 4.1%, and average hourly earnings rose 0.3% month-over-month. The resilience of the labor market has reduced concerns about economic slowdown and shifted market focus back toward inflation and the Fed’s policy path. QCP noted that the crypto market continued to receive support last week. BTC briefly rose above $82,000 before pulling back to around $79,300; ETH held steady near $2,500. From September 1 to 4, U.S. spot BTC ETFs recorded a net inflow of approximately $770 million, with a single-day net inflow of $730.8 million on September 3, reversing the net outflow of about $236.5 million on September 1. In terms of market structure, QCP believes recent price movements have been driven more by macroeconomic shifts than by crypto-specific catalysts. Although ETF inflows provide structural support, BTC has struggled to break decisively above the $80,000–$82,000 range, while ETH continues to face selling pressure above $2,500, indicating traders remain cautious until inflation data becomes clearer. This week, market attention will shift to U.S. inflation data. The PPI for August will be released on September 10, followed by CPI and core CPI on September 11. Given that the latest employment data has eased concerns about labor market deterioration, CPI will become a critical variable in assessing expectations for the Fed’s September policy move. If CPI continues to moderate gently, it will give the Fed more room to wait and observe; if inflation reaccelerates, it could strengthen expectations for policy adjustment and prompt further repricing of interest rate expectations. Currently, BTC’s technical resistance lies at $80,000–$82,000, with support at $77,000–$78,000; ETH’s resistance is at $2,500–$2,550, with support at $2,400–$2,425. With volatility remaining low and key data imminent, the market may be awaiting a directional cue following the release of inflation data.