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 Fed's confidence in cutting interest rates. The market logic is clear: poor economic data leads to stronger expectations of rate cuts; stable economy means rate hikes may be delayed. Currently, the market expects the unemployment rate in November to be 4.6%, with about 55,000 new jobs added in December, and the unemployment rate at 4.6% - 4.7%.

If the unemployment rate exceeds 4.7% or the new employment figures are significantly below expectations, economic pressure is high, and the Fed may accelerate rate cuts, which is positive for risk assets; conversely, if new jobs surpass 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.

Key reminder: don't rush into trading just by looking at the data. Experienced traders observe whether the actual data exceeds expectations, whether the market's initial reaction is a smoke screen, and how interest rate expectations change. Non-farm payroll night trading blindly 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!