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Tonight at 21:30, a job report that is one and a half months late is coming.
This refers to the U.S. non-farm payroll data for September - which was originally supposed to be released in early October, but has been delayed until now. Don't underestimate this report; it could directly determine how BTC and ETH will move next.
**Why is this particularly critical?**
Last month, when the Federal Reserve cut interest rates, they actually had no confidence. Due to the lack of key data, they could only manage risks "based on feelings." As a result, the market is in a complete guessing game about whether there will be another rate cut in December: the probabilities shown by interest rate futures are close to 50% to 50%, and both institutions and retail investors are waiting and observing.
This deadlock is waiting to be broken by tonight's report.
**Two possibilities, two directions:**
If the data is weak? That proves the economy is indeed slowing down, and the Federal Reserve is highly likely to lower rates once again in December. For the crypto market, loose liquidity is usually a positive signal.
But what if the data is unexpectedly strong? It may actually cause the central bank to hold its position. The market would then have to reassess the valuation logic of risk assets, and short-term volatility is inevitable.
**How might ZEC, ETH, BTC react?**
Historically, within an hour of the non-farm payroll data release, mainstream cryptocurrencies often experience fluctuations of 3-5%. This time, due to significant market divergence and chaotic expectations, the volatility may be even more intense. Regardless of the direction, it is worth keeping an eye on the market tonight.
Where do you think this "late answer" will push the market? After the data comes out, let's see the truth in the comments section.