Tonight 20:30! U.S. April Non-Farm Payrolls showdown — the life-and-death moment for BTC / ETH

First, let’s highlight the key points: the current market consensus (for April)

New Non-Farm Payroll employment: 62,000 - 67,000 people (March prior value 178,000, with expectations cut nearly in half)

Unemployment rate: 4.3% (unchanged from March)
Average hourly earnings, month-over-month: 0.2%-0.3%

Non-Farm Payrolls beat expectations strongly → economy overheating → Fed rate-cut expectations cool off / get delayed → U.S. dollar strengthens + U.S. Treasury yields surge → BTC / ETH come under pressure and fall (with opportunity cost of holding spiking under high interest rates)

Non-Farm Payrolls below expectations (weaker) → economy cools down → Fed rate-cut expectations for June heat up → U.S. dollar weakens + liquidity easing → BTC / ETH surge with a strong rebound

Non-Farm Payrolls in line with expectations → the market has a tug-of-war between bulls and bears → BTC / ETH range-bound with no clear direction

Put simply: the stronger the employment, the lower the coin prices; the weaker the employment, the higher the coin prices! $BTC $ETH #比特币跌破8万美元