比特幣（BTC）仍然是投資者關注和擔憂的中心

比特幣（BTC）仍然是投資者關注和擔憂的中心，尤其是在美國勞工統計局（BLS）公佈最新非農就業數據之後。

Bitcoin (BTC) price action remains In focus especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments In the US economy Indicate that macroeconomic factors may be against the premier cryptocurrency In 2025.

比特幣（BTC）的價格走勢仍然是人們關注的焦點，尤其是在美國勞工統計局（BLS）發布最新的非農業就業數據之後。雖然整體市場情緒仍然看漲，但美國經濟的最新發展表明，宏觀經濟因素可能在 2025 年不利於這種主要的加密貨幣。

Bitcoin price action sees another loss, bullish outlook remains

比特幣價格走勢再次下跌，前景仍看漲

Bitcoin price trades above $94,000 on the daily chart. Following a 3.45% loss In the past seven days, the premier cryptocurrency opened the past week with a loss of 9% on December 14.

日線圖上比特幣價格交易至 94,000 美元以上。繼過去 7 天下跌 3.45% 後，這套頂級加密貨幣在 12 月 14 日開盤，上週開盤下跌 9%。

In an X post on December 10, market experts at global capital market analysis firm The Kobeissi Letter dissected the employment situation summary for December 2024.

在 12 月 10 日的 X 貼文中，全球資本市場分析公司 The Koheissi Letter 的市場專家剖析了 2024 年 12 月的就業狀況摘要。

According to the BLS, nonfarm payrolls employment rose by 256,000 Jobs In this month, adding 100,000 Jobs to the widely predicted figures. Following this report, The Kobeissi Letter analysts highlight that the US economy has gained an average of 165,000 Jobs since July, representing the highest 6-month average since July 2024.

根據勞工統計局的數據，本月非農就業人數增加了 256,000 個，比廣泛預測的數字增加了 10 萬個。在這份報告發布後，《Kobeissi Letter》分析師強調，自 7 月以來，美國經濟平均增加了 165,000 個就業崗位，這是自 2024 年 7 月以來最高的 6 個月平均值。

Considering the US Federal Reserve began Implementing Interest rate cuts from September 2024, citing then a reduction In Jobs growth and Inflation, the analysts at The Kobeissi Letter stated the Apex Bank’s approach may have been misguided In light of the recent developments.

考慮到聯準會從 2024 年 9 月開始實施降息，理由是就業成長和通膨下降，《Kobeissi Letter》的分析師表示，鑑於最近的事態發展，Apex 銀行的做法可能被誤導了。

Therefore, the Fed Is expected to halt Interest rate cuts to battle an expected heightened Inflation due to a strong Jobs data, with the potential of even adopting rate hikes.

因此，由於強勁的就業數據，預計聯準會將停止降息以應對預期的通膨加劇，甚至有可能採取升息。

Generally, an absence of rate cuts or Introduction of rate hikes Is negative for Bitcoin as lower Interest rates afford Investors the capacity to deal In risky assets such as cryptocurrencies. Following the Fed’s previous announcement of potential reduced rate cuts In 2025, Bitcoin experienced a flash crash of over 9% mid-December as Investors moved to close their volatile positions In all financial markets.

一般來說，不降息或升息對比特幣不利，因為較低的利率使投資者有能力交易加密貨幣等風險資產。繼聯準會先前宣布 2025 年可能降息後，隨著投資者紛紛平倉所有金融市場的波動頭寸，比特幣在 12 月中旬經歷了超過 9% 的閃跌。

Currently, The Kobeissi Letter forecasts that the Fed’s pivot to rate cuts Is likely over, with a 44% probability that there will be no rate cuts through June 2025.

目前，《Kobeissi Letter》預測聯準會的降息轉向可能已經結束，有 44% 的可能性到 2025 年 6 月都不會降息。

Bitcoin price faces bullish signals from Investors, Institutions

比特幣價格面臨投資者和機構的看漲訊號

Despite the macroeconomic outlook, other factors are expected to keep Bitcoin Investors bullish In 2025. Notably among these factors Is the historical price action of the premier cryptocurrency In a bull cycle.

儘管宏觀經濟前景不佳，但預計其他因素將使比特幣投資者在 2025 年保持看漲。

Bitcoin began 2024 trading at $46,000 and reached all-time highs above $130,000 by March. In the second half of the year, BTC price action faced a correction to lows of $92,000 before recovering to close the year above $100,000.

2024 年比特幣交易價格為 46,000 美元，到 3 月達到 13 萬美元以上的歷史新高。今年下半年，比特幣價格走勢面臨回調至 92,000 美元的低點，然後回升至 10 萬美元以上。

With the recent bullish momentum and a bull cycle that Is expected to continue till 2026, Bitcoin Investors are likely to remain optimistic about the premier cryptocurrency.

鑑於近期的看漲勢頭和預計將持續到 2026 年的牛市週期，比特幣投資者可能對這種首要的加密貨幣保持樂觀。

Furthermore, the US government has shown support for cryptocurrency regulation In 2024, and this Is expected to continue In 2025. Pro-crypto legislation and policies are likely to boost the adoption and demand for Bitcoin and other digital assets.

此外，美國政府已在 2024 年表示支持加密貨幣監管，預計到 2025 年將繼續支持加密貨幣立法和政策可能會促進比特幣和其他數位資產的採用和需求。

Lastly, Institutional Investors are expected to continue their entry Into the cryptocurrency market via spot ETFs and other avenues In 2025. This Is likely to drive demand for Bitcoin and other large-cap cryptocurrencies.

最後，預計機構投資者將在 2025 年繼續透過現貨 ETF 和其他途徑進入加密貨幣市場。

At the time of writing, Bitcoin price Is ranked eighth among world assets and the largest cryptocurrency with a market cap of $1.84 trillion.

截至撰寫本文時，比特幣價格在全球資產中排名第八，也是最大的加密貨幣，市值達 1.84 兆美元。