Non-farm Payrolls countdown, beware of a major market move before the end of the year.

Today marks the release of non-farm payroll data after a pause, with many institutions adopting a cautious outlook, and the overall market expectation being relatively weak. Yesterday, Bitcoin approached the 70,000 level and started to decline, followed by continuous outflows of funds towards the end of the year. Last week’s drop to 59,800 triggered increasing panic, and market sentiment remains tense.

The highly anticipated non-farm payroll data is coming, and the whole market is waiting for an answer: Will the Federal Reserve “restrain rate cuts” this year? This bet directly concerns everyone’s wallet. Traders have long been playing “extreme tug-of-war,” being both cautious and cunning!

Since President Trump nominated Jerome Powell to lead the Federal Reserve, shifting from hawkish to dovish, traders initially rushed to bet on a dovish Fed and significant rate cuts, eager to put all chips on the table. Key support levels to watch are 65,500 and 65,000.

BTC trading advice: Buy at 65,300-65,700, with an 800-point stop; target breakout at 67,800, aiming for 68,400-69,100.