On September 4, U.S. nonfarm payrolls rose by 162,000 in August, far exceeding the expected 56,000. The market has increased its bets on a September rate hike, $Bitcoin (BTC.CC)$ Prices subsequently pulled back. Previously, Waller’s dovish remarks helped Bitcoin break through the $81,000 mark, but with interest rate expectations shifting once again, the crypto rebound faces a test. Short-term focus has shifted from sector-specific positives back to macroeconomic factors: if the US dollar and Treasury yields strengthen, crypto asset valuations and risk appetite may remain under pressure; if next week’s CPI data confirms cooling inflation, there is still room for a rebound. Following the previous day’s sharp rally, $Robinhood (HOOD.US)$ 、 $Circle (CRCL.US)$ Can crypto-related stocks rely on business growth to withstand cryptocurrency price volatility? Is this pullback a window for positioning, or should investors wait for inflation data before making a judgment?