As the U.S. election approaches, global attention is focused on heavyweight candidates Donald Trump and Kamala Harris.
Who will ultimately move into the White House not only determines the future direction of the United States but will also have a profound impact on the global political and economic landscape. Based on current polls and odds, the election situation is exceptionally tight.
Polls show that the support rates of the two candidates are close, both within the margin of error, making the outcome even harder to predict.
Some betting platforms indicate a certain bias, suggesting that Trump has a higher probability of winning, reaching about 60%.

Non-farm data, specifically the employment situation report released monthly by the U.S. Department of Labor, is one of the important indicators of U.S. economic health. This data includes key indicators such as the number of employed people, labor force participation rate, and unemployment rate, and has far-reaching effects on financial markets. For Bitcoin (BTC), a decentralized digital currency, its price fluctuations are also influenced by various factors, with non-farm data being one of them.

The relationship between non-farm data and Bitcoin price
1. Market sentiment and risk preference
The release of non-farm data often triggers fluctuations in market sentiment. When the data shows strong performance, it means the economy may be improving, leading to increased risk preference among investors, which may reduce the demand for safe-haven assets, causing the prices of cryptocurrencies like Bitcoin to fall; conversely, the opposite may occur.