9.30$BTC$ETH
Tonight at 20:15, the US ADP small nonfarm payroll data will be released
Just checked the comparison between previous expectations and actual data releases, which have had a significant impact on the market
Current expectation is 70,000, previous value was 38,000. Don't think ADP employment data is unrelated to the crypto space; it is also one of the key variables in the current macro environment
Consider it an appetizer before this week's big nonfarm payroll event, but it's enough to cause a big market fluctuation
Data below expectations → cooling employment → easing rate hike expectations → risk assets catch a breather, market shows recovery momentum
Data above expectations → hotter employment → inflation pressure harder to ease → rate hike probability maxed out → BTC, ETH continue to face pressure
Currently, the market is weak and oscillating, moving averages are suppressing without breakthrough, and volatility increases significantly once data is released
Be cautious before data release, avoid heavy positions, do not bet on direction
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