Let's discuss a point that many people overlook: US non-farm payrolls and unemployment rate data directly determine the short-term trading rhythm of the crypto market.

Why? Because these two data points are important references for the Federal Reserve's interest rate policy adjustments. Strong data indicates a hot economy, prompting the Fed to maintain high interest rates or delay rate cuts. This leads to capital flowing out of high-risk assets (like Bitcoin and Ethereum) into low-risk bank deposits and government bonds. As a result, crypto prices come under pressure, and short-term dips are common—historically, when non-farm data improves, Bitcoin has once fallen below the 89,000 mark.

Conversely, if employment growth stalls and unemployment rises, the Fed may consider easing monetary policy to stimulate the economy. Increased market liquidity and a rebound in investors' risk appetite often lead to a 2%-4% bounce in crypto assets.

There's also a more complex scenario: data showing polarization, such as weak employment figures but falling unemployment rates. This contradictory signal can cause market volatility, with crypto prices fluctuating sharply and making trading more difficult.

But it's important to clarify: such macroeconomic data mainly influence short-term trends. In the long run, the performance of Bitcoin and Ethereum still depends on fundamentals like ETF net inflows, ecosystem development, and market cycles. Therefore, in trading strategies, rather than heavily betting on data-driven moves, it's better to wait until market sentiment stabilizes before entering, making risk management much more feasible.