比特币（BTC）分析师本杰明·库肯眼睛劳动力市场数据，近期价格线索的通货膨胀期望

加密货币分析师本杰明·考恩（Benjamin Cowen）认为，最近对比特币的BTC/USD价格轨迹具有重大影响的劳动力市场数据和通货膨胀期望可能会在短期内产生重大影响。

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.

加密货币分析师本杰明·科文（Benjamin Cowen）认为，最近的劳动力市场数据和通货膨胀期望可能会对比特币（Crypto：BTC）的价格轨迹产生重大影响。

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.

劳动力市场数据：在2月9日的播客中，Cowen强调了失业率，该率在一月份下降到4％，并且通货膨胀期望的急剧增加是可能影响比特币绩效的关键因素。

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，失业率低于4.1％的失业率可能“重振通货膨胀恐惧”，这可能会导致沿收益曲线的反弹。

“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.”

“我们的失业率为4％，这远低于市场预期的4.1％。这可能会振兴通货膨胀的担忧，尤其是考虑到我们上个月的失业率也有所下降。如果我们确实会在收益曲线中反弹，我认为这将是风险资产的逆风。”

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.

通货膨胀预期激增：分析师还提请注意美国密歇根州一年的通货膨胀期望的大幅增长，一个月内从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推测，这种增加可能归因于几个因素，包括潜在的政策变化，降低利率的期望或关税的影响。

“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.”

“我们的通货膨胀期望也大大增加，这很有趣。它从3.3％增加到4.3％。市场预计3.4％。我们对那个巨大的节奏。我不知道该怎么做。也许这是潜在的政策变化，对降低利率的期望或关税的影响。”

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

关键技术水平的10年财政收益率：Cowen指出，10年的财政收益率目前正在测试至关重要的技术水平。

“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年的收益率是测试关键技术水平。我确实想知道是否只有在12月初回到这里的21个每周EMA的10年收益率是否只是从这21个每周的EMA中反弹。”

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.”

他建议，如果10年的收益率恢复到5％以上，它可能会为比特币造成逆风，这可能会导致“至少再努力挣扎几周”。

“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年的收益率确实超过5％，我认为这将是比特币的另一个逆风，我们可能会继续挣扎至少几个星期。”

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.

比特币价格行动：虽然比特币比其他许多资产都更好，但Cowen敦促交易者密切关注10年的收益率，因为其运动可以决定BTC的下一个重大举措。

“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.”

“比特币正在挣扎，但其他一切都被绝对破坏了。我认为10年的收益率确实是比特币接下来发生的事情的关键。”