The US ADP employment figures for May, also known as the ADP small non-farm data, will be released at 20:15 tonight. When releasing the data, you can refer to the following formula:

If the published value is much higher than the previous value of 19.2, it will lead to a sharp drop.

If the published value is less than 19.2 but greater than the expected 17.5, there may be a small drop.

If the published value is equal to 17.5, which is consistent with expectations but lower than the previous value, there may be a small increase. #Btcoin

If the published value is much lower than the expected value of 17.5, lower than expectations and the previous value, it will trigger a sharp rise. #ETHETFsApproved

The logic is simple, because the market lacks new driving forces, and can only continue to focus on the expectation of interest rate cuts.

Good employment data will weaken the expectation of interest rate cuts, leading to a decline in crypto assets such as Bitcoin; on the contrary, poor employment data will strengthen the expectation of interest rate cuts and drive crypto assets up. (The layout is ongoing, communication: BNB226622 welcomes everyone to participate actively and witness the moment of miracle together)