Tonight at 9:30 PM, the US December Non-Farm Payrolls report will be released. This is the first major data release of the year, and the market is eagerly awaiting it.

According to consensus forecasts, the new jobs added are around 60,000, slightly slower than last month's 64,000. The unemployment rate is expected to decrease from 4.6% to 4.5%. But there's a problem — the ADP employment data released a few days ago only increased by 41,000, well below expectations, which has already sounded an alarm for the market, indicating that employment momentum is weakening.

So the key lies in this "expectation gap." If the non-farm data falls below expectations, especially if new jobs drop below 50,000 or if the unemployment rate rebounds, the probability of the Federal Reserve cutting interest rates in March will rise sharply. The US dollar index is likely to be suppressed, and gold will follow and surge. Conversely, if the data exceeds expectations, the rate cut anticipation will be dampened, gold will see a short-term correction, and the dollar will profit.

For cryptocurrency traders, this market movement also requires close attention. Here's a short-term trading idea:

For Bitcoin, you can short in the range of 91,500 to 92,000, with the first target at 89,600. If this level is broken, look further down to the support at 87,800.

For Ethereum, open short positions in the range of 3,160 to 3,190, initially targeting the 3,100 level. If broken, then look at the 3,000 mark.

But a special reminder: before the non-farm data is released, the market will likely remain volatile and range-bound. Do not blindly guess the direction in advance, as it can lead to losses. The safest approach is to wait for the data to be released, clarify the trend, and then follow up. Also, make sure to set stop-losses properly. Cryptocurrency is highly volatile, so risk management is essential to avoid being liquidated due to sudden market swings.