Tonight's major non-farm payroll data will be released soon, and this is a key indicator for the crypto market trend. Don't just focus on the number of new jobs to judge the trend; non-farm payrolls are a comprehensive sentiment issue!

At 9:30, the three data points—new employment, unemployment rate, and year-over-year hourly wages—will determine the Federal Reserve's confidence in cutting interest rates. The market logic is clear: if the economy is weak, expectations for rate cuts are strong; if the economy is stable, rate cuts will be delayed. Currently, the market expects the unemployment rate in November to be 4.6%, with about 55,000 new jobs in December, and the unemployment rate between 4.6% and 4.7%.
If the unemployment rate exceeds 4.7% or new employment is significantly below expectations, economic pressure is high, and the Fed may accelerate rate cuts, which is positive for risk assets; conversely, if new jobs exceed expectations and the unemployment rate drops or remains low, the urgency for rate cuts is low, and the market may decline due to unmet expectations. $ETH $BNB $SOL
Key reminder: don’t rush into trading just because you see the data. Experienced traders observe whether the unexpected factors, the market’s first reaction, are smoke screens, and how interest rate expectations change. Blindly trading on non-farm payroll night can lead to losses! Want to know which positions are suitable for trading after the data is released? Follow me! Hit follow, bookmark, like, and comment to join the non-farm night fun!