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Tonight, ADP Non-Farm Employment Change releases!



Due to the pause in non-farm data, this will be a key short-term reference point for the market. If the data comes in below expectations of 28,000, expectations for a December rate cut may increase, potentially boosting crypto prices;
however, internal divisions within the Federal Reserve remain, and inflation has not yet been subdued. Betting solely on a rate cut carries high risk. The market is likely to experience short-term volatility and consolidation, with the afternoon rebound strength determining the direction of the US session.
In terms of strategy, keep an eye on the 103,000 level for Bitcoin. If it doesn’t break this level, consider light short positions. Be sure to strictly control your risk. After the data is released, if Bitcoin breaks through key levels, adjust your strategy promptly to avoid holding against the trend.
BTC-1.39%
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