Tonight, the big non-farm payroll data and April unemployment rate will be announced. It will be a competition between bulls and bears to see who can laugh heartily tonight!

Tonight's non-farm data: previous value 22.8, expected value 13; unemployment rate previous value 4.2% expected 4.2%

The announcement of data significantly larger or smaller than the expected value will cause considerable volatility.

If the unemployment rate rises while non-farm employment declines after the announcement, it will further strengthen recession expectations. If everyone bets that interest rate cut expectations will decrease significantly, there will be considerable selling pressure, and BTC will experience a significant drop! (A chance for redemption for the bulls!)

If the announced data shows stable unemployment and stable non-farm employment, expectations for interest rate cuts will slightly decline, and BTC will also drop, but the extent will not be large.

The ADP data on Wednesday currently serves as a hint. If tonight's non-farm data continues to fall short of expectations, it will follow the same logic as before, and a decline in non-farm employment corresponds to a rise in the unemployment rate. Therefore, as long as the data announced tonight is bad, the bulls can relax for once.

This is also the logic I laid out for the bulls in my previous writings. Additionally, regardless of whether the evening data is good or bad, it cannot avoid the situation of sharp price fluctuations, so short-term strategies still need to have necessary defensive operations!

No matter which side you bet on, I wish everyone prosperous financial luck! #加密市场反弹