Tonight at 20:30, the US April non-farm payroll data and unemployment rate will be announced. Both bulls and bears in the market are on high alert, waiting to see who will come out on top. Currently, the previous non-farm employment figure is 228,000, with an expectation of 130,000; the previous and expected unemployment rate is both 4.2%. Only if the announced data far exceeds or falls short of expectations will it trigger significant market fluctuations.

- Unemployment rate rises, non-farm employment declines: If this happens, expectations for an economic recession will further strengthen, and the market's bets on the Federal Reserve cutting interest rates will cool significantly, leading to increased selling pressure. BTC is likely to experience a substantial drop, which could be a rare 'redemption' opportunity for bears.

- Unemployment rate and non-farm employment remain stable: In this case, expectations for interest rate cuts will slightly decrease, and BTC will also decline, but only to a limited extent.

Regardless of whether the data is good or bad, there is a high probability of sharp fluctuations tonight, so short-term operations must be accompanied by stop-loss measures to ensure proper defense.