#美SEC促进加密资产创新监管框架 There's a data point worth watching tonight at 21:15—the US November ADP employment numbers.

Why is this important? Because the Fed is meeting next week to set interest rates, and this "mini nonfarm" is basically their weathervane for judging the labor market. Current market expectations are all over the place—some guess an increase of 5,000, others say it could hit 40,000. You can imagine the potential volatility.

For those of us holding coins, the logic is straightforward: If the data is far below expectations, rate cut expectations will heat up, and risk assets like $BTC will most likely get a boost; on the flip side, if the data blows past expectations, the dollar is expected to strengthen and cryptocurrencies will likely come under pressure.

The market reaction is usually most intense the moment the data is released, so it's wise to make preparations in advance.