Non-farm data hits tonight! The Bitcoin “life-or-death” line is right in front of us—tonight is destined to be sleepless!


Brothers and sisters, pay attention! Tonight’s U.S. non-farm data will directly determine Bitcoin’s next path of life or death. The current market has already sent signals ahead of time!
According to the data, this time’s non-farm employment forecast is only 62k, down sharply from 178k last month—more than halved. The unemployment rate is expected to stay at 4.3%. What does that mean? Weak employment data will boost expectations that the Federal Reserve will cut interest rates, and risk assets like BTC will most likely soar right away; but if the data comes in unexpectedly above expectations, the rate-cut expectations will be immediately dashed, and the crypto market will face a fresh round of sell-offs!
The market is already starting to take pressure in advance. Bitcoin is stuck around the $80,000 mark, repeatedly testing it. The current quote is 79,632, down 1.52%, and bullish momentum is clearly no match anymore—just waiting for the data to give the final direction!
BTC-1.69%
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