The non-farm payroll data is predicted to show an unemployment rate of 4.4%. The non-farm population is 50,000.

However, market liquidity is currently very weak. If negative news occurs, BTC is expected to plummet. The best strategy is to remain neutral, not overly bullish or bearish.

Tonight, not only will the November data be released, but also a supplementary release of the October data.

Currently, both the US stock market and the cryptocurrency market are betting on a 'soft landing'—the economy slows down but does not collapse, and the Federal Reserve continues to inject liquidity. BTC adjusted last night, rebounding to around 88k after dropping below 86k, with over 500 million dollars in liquidations across the network.

The main reasons are excessive long leverage and risk-averse sentiment. However, on-chain data shows that long-term holders' selling pressure is limited, and institutions (like BlackRock) are still accumulating at low levels. If the data does not surprise negatively, tonight is likely to play out as 'selling the expectation and buying the fact', with a short-term target for BTC of 92k-95k.

I just took a look at the data again, and there are still a lot of longs buying!