比特幣（BTC）分析師本傑明·庫肯眼睛勞動力市場數據，近期價格線索的通貨膨脹期望

加密貨幣分析師本傑明·考恩（Benjamin Cowen）認為，最近對比特幣的BTC/USD價格軌跡具有重大影響的勞動力市場數據和通貨膨脹期望可能會在短期內產生重大影響。

Cryptocurrency analyst Benjamin Cowen believes that recent labor market data and inflation expectations could have significant implications for Bitcoin’s (CRYPTO: BTC) price trajectory in the near term.

加密貨幣分析師本傑明·科文（Benjamin Cowen）認為，最近的勞動力市場數據和通貨膨脹期望可能會對比特幣（Crypto：BTC）的價格軌跡產生重大影響。

Labor Market Data: In a podcast on Feb. 9, Cowen highlighted the unemployment rate, which fell to 4% in January, and a sharp increase in inflation expectations as key factors that could influence Bitcoin’s performance.

勞動力市場數據：在2月9日的播客中，Cowen強調了失業率，該率在一月份下降到4％，並且通貨膨脹期望的急劇增加是可能影響比特幣績效的關鍵因素。

He noted that the unemployment rate coming in below 4.1% could “reinvigorate inflationary fears,” which may lead to a bounce along the yield curve.

他指出，失業率低於4.1％的失業率可能“重振通貨膨脹恐懼”，這可能會導致沿收益曲線的反彈。

“We had the unemployment rate come in at 4%, which was way, way below the 4.1% that markets were expecting. This could reinvigorate inflationary fears, especially considering that we had a nice drop in the unemployment rate last month as well. If we do get a bounce in the yield curve, which I think we will, I think that will be a headwind for risk assets.”

“我們的失業率為4％，這遠低於市場預期的4.1％。這可能會振興通貨膨脹的擔憂，尤其是考慮到我們上個月的失業率也有所下降。如果我們確實會在收益曲線中反彈，我認為這將是風險資產的逆風。”

Inflation Expectations Surged: The analyst also drew attention to the substantial jump in U.S. Michigan one-year inflation expectations, which rose from 3.3% to 4.3% in a single month.

通貨膨脹預期激增：分析師還提請注意美國密歇根州一年的通貨膨脹期望的大幅增長，一個月內從3.3％上升到4.3％。

Cowen speculated that this increase could be attributed to several factors, including potential policy changes, expectations of rate cuts, or the impact of tariffs.

Cowen推測，這種增加可能歸因於幾個因素，包括潛在的政策變化，降低利率的期望或關稅的影響。

“Our inflation expectations also had a massive increase, which was interesting to see. It went from 3.3% to 4.3%. Markets were expecting 3.4%. We had a huge beat on that one. I don’t know what to make of that. Maybe it’s potential policy changes, expectations of rate cuts, or the impact of tariffs.”

“我們的通貨膨脹期望也大大增加，這很有趣。它從3.3％增加到4.3％。市場預計3.4％。我們對那個巨大的節奏。我不知道該怎麼做。也許這是潛在的政策變化，對降低利率的期望或關稅的影響。”

10-Year Treasury Yield At Key Technical Level: Cowen pointed out that the 10-year Treasury yield is currently testing a crucial technical level.

關鍵技術水平的10年財政收益率：Cowen指出，10年的財政收益率目前正在測試至關重要的技術水平。

“The 10-year yield is testing a key technical level. I do wonder if the 10-year yield is just simply going to bounce off of this 21 weekly EMA just like it did back over here at the beginning of December.”

“ 10年的收益率是測試關鍵技術水平。我確實想知道是否只有在12月初回到這裡的21個每週EMA的10年收益率是否只是從這21個每週的EMA中反彈。”

He suggested that if the 10-year yield breaks back above 5%, it could create headwinds for Bitcoin, potentially causing it to “struggle for at least a few more weeks.”

他建議，如果10年的收益率恢復到5％以上，它可能會為比特幣造成逆風，這可能會導致“至少再努力掙扎幾週”。

“If the 10-year yield does break back above 5%, I think that will be another headwind for Bitcoin, and we’ll probably continue to struggle for at least a few more weeks.”

“如果10年的收益率確實超過5％，我認為這將是比特幣的另一個逆風，我們可能會繼續掙扎至少幾個星期。”

Bitcoin Price Action: While Bitcoin has held up better than many other assets, Cowen urged traders to watch the 10-year yield closely, as its movement could determine BTC's next major move.

比特幣價格行動：雖然比特幣比其他許多資產都更好，但Cowen敦促交易者密切關注10年的收益率，因為其運動可以決定BTC的下一個重大舉措。

“Bitcoin is struggling, but everything else is getting absolutely destroyed. I think the 10-year yield is really the key to what happens next for Bitcoin.”

“比特幣正在掙扎，但其他一切都被絕對破壞了。我認為10年的收益率確實是比特幣接下來發生的事情的關鍵。”