📊 The last non-farm payrolls data in 2024

🔹 Key data release

The November non-farm payrolls report will be released at 21:30 tonight.

200,000 new jobs are expected, while only 12,000 were added in October (the lowest since 2020).

🔹 Impact of Fed rate cut expectations

This is the last important data before the Fed's December 17-18 meeting.

Strong data may change expectations of rate cuts, while weak data may strengthen expectations of rate cuts.

🔹 Market insights

The market is focusing on US non-farm data. Strong data may slow down the Fed's rate cuts and suppress BTC's gains; but expectations of rate cuts in December are still strong, which may provide support for prices. Long and short intertwined, contract partners should pay attention to the risk of up and down pins and deal with them cautiously.

BTC important support resistance:

Support: 95800, 94700

Resistance: 99000, 99600, 101000