Tonight at 21:30 (8:30 AM ET), the U.S. October nonfarm payrolls report will be released. The market expects 65,000 new jobs, up from just 29,000 in September. The unemployment rate is expected to hold around 4.2%, while average hourly earnings are forecast to rise 0.3% month over month and 2.9% year over year—the first time in five and a half years that the annual rate has fallen below 3%. Leading indicators are already pointing strongly in one direction: private-sector employment rose by 86,000 in October, according to ADP, far exceeding expectations. BTC has just stabilized around $75,000, with over $1 billion in liquidations in the past 24 hours, including $950 million in long positions. If the jobs report surprises to the downside and rate-cut expectations shift, crypto markets could be in for another jolt tonight. #非农 #FederalReserve