At 20:30 tonight, the Non-Farm Payrolls data (May employment report) is coming. Market expectations are for job growth of +85K to +105K, indicating a moderate slowdown. Impact on crypto: Slightly bullish. Reasons: - Employment figures are neither strong nor weak, aligning with the soft landing narrative - Supports rising expectations for Fed rate cuts in the second half of the year - Risk assets (including BTC, ETH, BNB, etc.) typically perform better under rate cut expectations If the data meets or slightly undershoots expectations, crypto markets are likely to see a sentiment rebound and capital inflow. Of course, volatility will be significant once the data is released—ensure proper risk management. How are you planning to trade tonight, guys? Will you position ahead of the release or wait until after the data drops? 👇
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