Non-Farm Night Showdown: Is it the New Year's bonfire for the crypto market, or the ice blade piercing the 80,000 mark?
Tonight, the global financial markets will focus on the U.S. November non-farm payroll report—this data is no ordinary macro indicator, but rather the 'ultimate legal document' that directly determines the Federal Reserve's interest rate cut path for 2024. The market's pricing logic has become highly clear: if the data is significantly below expectations (new jobs < 150,000, unemployment rate > 3.9%), it will confirm the cooling signal of the U.S. labor market, and expectations for aggressive interest rate cuts by the Federal Reserve will be ignited instantly. The liquidity expectations released will inject a strong dose of adrenaline into the currently quiet cryptocurrency market, and mainstream cryptocurrencies like BTC and ETH may welcome an opportunity for a rebound.
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