The US non-farm payroll data just came out, and the market is a bit confused.

The official expectation was an increase of 70,000 jobs, but the actual result was only 50,000, signaling obvious weakness on the employment front. Logically, this should be good news for safe-haven assets—gold and silver should rise accordingly. But strangely, the unemployment rate actually dropped from 4.6% to 4.4%, creating a conflicting set of data that feels like some kind of delicate balance.

The most direct consequence of this data is that it completely kills the hope of a rate cut in January. From a market perspective, the impact is neutral. The crypto market has no clear short-term bullish reasons, but there are also no signs of suppression—much depends on what happens next.

What truly warrants attention is the Supreme Court's ruling on the constitutionality of a major policy. If the policy is overturned, the gold and silver sectors could see a new upward trend. Once this ruling is announced, it will directly influence expectations for mainstream cryptocurrencies like Solana, Ethereum, and Bitcoin. The market reaction should be quite swift, so interested friends can closely follow this policy development.