The moment has arrived! The US November non-farm payrolls data is about to be released. More importantly, this is the first monthly employment report issued after the US government shutdown of 43 days — any fluctuation in the numbers could trigger a chain reaction in the cryptocurrency market.

Economic data and the crypto world are more closely connected than you might think. The employment report directly influences the Federal Reserve's policy expectations, and the Fed's actions set the tone for the entire market, from Bitcoin to Ethereum. The moment this data is released, it could very well be a watershed for short-term traders to turn around or get caught off guard.

Many traders have already started looking for opportunities within the swings. During the government shutdown, market uncertainty had already built up tension, and volatility before and after the data release is usually significant. Experienced traders will be more alert at this time, set proper risk controls, and wait for genuine market signals.