1 Minute to Understand the Impact of Tonight's Non-Farm Payroll Data Release on the Cryptocurrency Market
Non-Farm Data Release Time and Expectations
Release Time: January 9, 2026 (This Friday) 21:30 (Hong Kong Time)
Key Expected Data:
December New Jobs: 55,000-60,000
Unemployment Rate: Drop from 4.6% to 4.5%
Initial Jobless Claims: 208,000 (Already released, slightly below expectations) odaily
Transmission Mechanism of Non-Farm Data on the Crypto Market
1. USD Strength Determines Crypto Asset Valuation
Non-farm data directly influences the Fed's rate cut expectations. If employment data exceeds expectations, it will:
Strengthen USD appreciation → US Dollar Index rises → Pressure on BTC, ETH, and other USD-denominated assets
Delay rate cut expectations → Real interest rates rise → Reduced attractiveness of risk assets
Conversely, if data is weaker than expected, it will trigger risk aversion and increased rate cut expectations. fxstreet
2. Rotation of Risk Assets and Liquidity Shocks
The current market is in a "numb" state, with tariffs and AI factors causing uncertainty. As a key trigger, non-farm data may lead to:
Institutional position adjustments → ETF net inflows/outflows with inverse fluctuations
Futures liquidation cascades → Leverage liquidations triggering chain reactions
In the past 24 hours, total liquidations reached $216 million, with shorts accounting for $168 million, indicating high market sensitivity to data. odaily
Current Market Sentiment and Data Sensitivity
The Fear & Greed Index is at an extremely low level: the latest Fear & Greed Index is only 28 (Extreme Fear), indicating the market has fully priced in pessimistic expectations. This means:
Greater upside surprise potential → If data is weaker than expected, rebound may exceed expectations
Limited downside risk → The market is already at a low point, further decline is limited
Specific Impact Predictions for Mainstream Coins
BTC (Bitcoin):
If non-farm data exceeds expectations → Test support at $89,800-$90,200, possible drop below $88,800
If non-farm data is weaker than expected → Break through resistance at $94,500, target $95,000-$96,000
ETH (Ethereum):
Currently in an oversold rebound phase, weakening non-farm data will strengthen the rebound
Key resistance at $3,200-$3,300, support at $2,950
SOL (Solana):
Relatively strong, less affected by non-farm data, more driven by risk appetite
If risk appetite increases, SOL may lead the rally
Investment Strategy Recommendations
Position Management: Reduce leverage exposure within 2 hours before the non-farm release to control risk
Gradual Positioning: If data is weaker than expected, build long positions in batches, prioritizing SOL > ETH > BTC
Stop-Loss Settings: Strictly implement stop-loss, keep leverage within 2-3x
Hedging: Gold has rebounded above $4,440 and can be used as a hedge
Core Risk Alerts
Data Volatility: In 2025, only 710,000 new jobs were added, the weakest since 2003, with high forecast uncertainty
Geopolitical Overlay: Tensions in Venezuela are escalating, risk aversion may suppress risk assets
AI and Tariff Shocks: The market is in a "numb" state, and non-farm data may become a turning point for sentiment#Gate广场创作者新春激励