Fatigue, I am really very tired. There was a lot I was supposed to write today, but I hardly had time to write anything, and there’s another day of this schedule tomorrow. I’ve almost been walking all day, and I’m extremely exhausted both physically and mentally. The main issue is that there’s still a lot left unwritten. I wanted to stay up late, but I couldn’t hold on, and I even fell asleep sitting on the toilet. I can only try to get up early tomorrow to write a bit more.

Today, some data was released, among which the data for September is not very significant anymore, as it’s mostly data from before the halt. The most important should be the ADP non-farm payroll data, which is truly astonishing. The previous value was adjusted from 42,000 jobs to 47,000 jobs, but the latest data surprisingly shows a negative 32,000 jobs. The employment situation in the U.S. is not optimistic. After the data was released, CME raised the probability of the Federal Reserve cutting interest rates in December to 89%.

Fortunately, the current unemployment rate is being treated as a double-edged sword. Everyone knows the employment environment is poor, and there are some expectations regarding unemployment. The rise in unemployment is being used by investors to speculate on the increased probability of the Federal Reserve cutting rates, and it seems to be the case at least for now.

Looking back at Bitcoin's data, although the turnover rate has slightly increased, it is still mainly short-term investors, and the changes among early investors are not significant. Moreover, today’s ADP data has also increased investors' expectations for a rate cut in December. The U.S. stock market has risen quite well, and $BTC has positively influenced the overall market sentiment.

From the URPD data, there are no issues either. The support level is quite stable, and there hasn’t been a large number of positions from investors at high losses. The chip structure remains quite stable, and the focus is on next week’s interest rate meeting.

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