Tonight at 9:30 PM, the non-farm payroll data will be released. The three most important indicators are: new employment, unemployment rate, and year-over-year wage growth. Based on November data, the unemployment rate stands at 4.6%, and market expectations for December are about 55,000 new jobs, with the unemployment rate remaining in the 4.6%-4.7% range.

What does it mean? It's simple—

If the unemployment rate exceeds 4.7% or new employment falls far below expectations, it indicates economic pressure is building, and the probability of a rate cut in January will significantly increase, which is a bullish signal for the crypto market. Conversely, if new employment exceeds expectations and the unemployment rate falls, the rate cut expectation will be dampened, and the probability of maintaining current policies will rise, which is bearish. Market trends are often determined by these key numbers reversing.