The ADP employment data to be released tonight at 21:15 will be key to determining short-term trends!

Due to the delay in the release of official non-farm data, this report has become the primary basis for the market's judgment on Federal Reserve policy, which may trigger significant volatility.

If the data is strong (for example, new jobs approaching 40,000), it may reinforce the Federal Reserve's stance on maintaining high interest rates, putting pressure on assets like Bitcoin.

If the data is weak (approaching or below 5,000), it may raise expectations for interest rate cuts, potentially boosting market sentiment in the short term.

My advice is to avoid rushing to chase highs or cut losses during the hour before and after the data is released, as the market is prone to false breakouts. Focus on observing the immediate reactions of US stocks, the US dollar index, and US Treasury yields, as their movements typically transmit quickly to the cryptocurrency market.

For investors with different trading styles: short-term traders must set stop-losses in advance and should not rely on manual positions. Medium to long-term investors should not overly focus on such short-term noise but should pay more attention to core trends.

In such a highly uncertain market, patience is more important than frequent trading. Protect your principal and wait for clear opportunities after the data impact becomes evident; this is a more prudent strategy.

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