Tonight at 8:30 PM Non-Farm Payrolls Explosion! Will the crypto market see a weekend wipeout?

Don’t think that the US stock market being closed means nothing’s happening. Tonight at 8:30 PM, the March Non-Farm Payrolls report is the real market trigger!

The market expects employment to increase by 60,000, aiming to break out of the previous “negative growth” vortex. But the current dilemma is: if the data is good, the Fed’s rate cuts are unlikely, and the crypto market remains under pressure; if the data is bad, rate cut expectations are high, but Middle East geopolitical conflicts + oil price surges will push inflation expectations to the limit, creating a double bind.

Even more tricky is that today, US stocks, gold, silver, and oil are all closed, so the data release can’t be reflected immediately. All emotions and expectations will be stored up and released in one go when the market opens next Monday.

The crypto market is already being squeezed by high oil prices and strong employment data. BTC is teetering around 66,500, and ETH has dropped below 2100. Whether tonight’s non-farm payrolls beat or miss expectations, it’s essentially planting a huge landmine for next Monday’s market.

A reminder to all crypto friends:

1. Before and after tonight’s non-farm payrolls release, absolutely do not heavily bet on the direction. Liquidity is zero, and volatility depends entirely on sentiment.

2. The opening on Monday is likely to gap up or down sharply. Prepare risk controls in advance and avoid being swept away by a one-sided trend.

3. The core contradiction remains the Fed’s rate cut expectations + Middle East geopolitical tensions. The non-farm payrolls report is just an amplifier, not the root cause.

Remember, before the data is confirmed, all predictions are just guesses. Protect your principal, wait for the market to clarify, and acting afterward is always the right move.