📣Bitcoin is acting up? It experienced a big dump last night and then a big pump today. What is going on? Will it continue to rise tonight? Let's take a look!

First, let's take a look at the sudden rise and fall events from last night to now. 1. The big dump last night was due to the release of the Federal Reserve's minutes, where most FED officials did not support a rate cut in December, causing the probability of a rate cut in December to plummet to 27%. As a result, Bitcoin plunged to 88,000, and the U.S. stock market also fell along with it.

2. However, early this morning, Nvidia, a major player in the U.S. stock market, released its financial report and expectations, which were extremely positive, dispelling the notion of an AI bubble. As a result, the Nasdaq surged nearly 2% in pre-market trading, and Bitcoin was pumped up to the 93,000 neckline along with the U.S. stocks.

So the question is, will it rise tonight?

Tonight, the U.S. Labor Department is about to release unemployment and employment data. Currently, the market expects little change from previous figures, but there is a general belief that Trump might embellish the data a bit tonight, allowing the unemployment rate to rise slightly and the number of jobs to decline slightly. This could pressure the Federal Reserve to cut interest rates due to weakening economic data.

So tonight's focus is whether the employment data can show a slight weakness, which has a pretty high probability. This would greatly benefit the Federal Reserve in cutting interest rates. Bitcoin has already risen quite a bit in advance, and if tonight’s news is still positive, BTC may approach the major resistance around 95,000. However, the willingness of the main players to short is evident, which will increase the pressure in the short term, potentially bringing BTC down to 88,500 or even breaking the support to around 85,000. Let's try to watch more and do less on this Crazy Thursday.

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