Tonight at 20:30, the United States will release two major economic data points: the unemployment rate for October and the seasonally adjusted non-farm payrolls.
The expected unemployment rate and the previous value are both 4.1%. If the announced value is higher than expected, it will be favorable for the crypto market; the expected value for non-farm payrolls is 11.3, while the previous value is 25.4. A published value lower than expected is also favorable for crypto.
During the data release, market volatility may increase, so it is advisable to operate cautiously. If the non-farm data does not present significant negative news, BTC is expected to continue rising. Furthermore, this data will impact the Federal Reserve's interest rate cut decisions, and it is worth paying close attention to.