#数字资产市场洞察 October US Employment Data Interpretation and Cryptocurrency Market Trends

In October, US non-farm payrolls decreased by 105,000 month-on-month, signaling a slowdown in the labor market. The market generally expects this will strengthen the Federal Reserve's motivation to cut interest rates further, but the crypto market's reaction has not been so direct—short-term, macroeconomic uncertainty remains the main factor suppressing the market.

From asset performance, BTC, as a liquidity-driven asset, is more sensitive to Federal Reserve policy expectations. In contrast, ETH and other altcoins exhibit much larger volatility, which is typical of risk assets—when risk appetite shifts, these coins are more easily impacted.

In the short term, the market will continue to oscillate under macro pressure. Before a clear trend breakout, the focus is more on timing market entries and risk management. Keeping a close eye on Federal Reserve movements and liquidity changes often reveals trading opportunities.