Last night, the US stock market experienced another round of selling. The Nasdaq closed down 5.5%, with chip stocks such as Nvidia and AMD suffering significant declines. The cryptocurrency market was similarly under pressure, with approximately $430 million and nearly $100 million flowing out of Bitcoin and Ethereum spot ETFs, respectively.

The US tech stocks weakened, ETF funds continued to flow out, and market risk appetite clearly cooled. Right now, investors are waiting for the next important signal.

Tonight, the US October non-farm employment report is about to be released. The market expects about 65,000 new jobs. The Federal Reserve just maintained interest rates, and this employment data may further impact the market's judgment on the subsequent pace of interest rate cuts.

For the cryptocurrency market, tonight's data is worth paying close attention to. The short-term market may still be influenced by macro expectations and the flow of funds.

1. Tonight's Non-farm Payroll: What Key Numbers to Watch?

The non-farm payroll data is closely watched because the performance of the job market affects the Federal Reserve's interest rate decisions, and interest rate expectations will then be transmitted to the US stock market and cryptocurrency assets.

Tonight, three key indicators will be focused on:

1. New Non-farm Employment Figures

The market expects about 65,000 new jobs. If the actual data is significantly higher than expected, it indicates that the job market remains resilient, cooling expectations for interest rate cuts, increasing the likelihood of high rates being maintained longer, and tech stocks and cryptocurrency assets may continue to be under pressure.

If the new employment numbers are significantly lower than expected, the market may re-evaluate expectations for interest rate cuts, but also be wary of concerns about economic recession stemming from a weakening job market.

2. Unemployment Rate

A rising unemployment rate may indicate that the job market is cooling off. The market needs to determine whether this is merely a moderate slowdown or if the economy is beginning to show more obvious signs of weakness.

3. Average Hourly Earnings

Wage growth is related to inflationary pressures. If job numbers decline but average hourly wages remain high, the Federal Reserve may still find it difficult to loosen monetary policy.

The market hopes to see a gradual cooling of employment while the economy does not show obvious stalling. Whether tonight's data aligns with this expectation will become an important observation point for short-term market conditions.

2. Increased Market Volatility: How to Arrange Idle Funds?

Recently, both the US stock market and cryptocurrency market have seen significant volatility. If there are currently no clear trading plans, some users may choose to hold stablecoins while waiting for a more suitable entry point.

However, even if funds are not temporarily used for trading, other arrangements can also be considered. For example, Binance has recently launched the second phase of its "Community Rewards" savings program, where eligible users can purchase U savings with the potential for an annualized return of up to 10%.

For users who currently have no trading plans and want to learn about active savings products, further details about this activity can be explored.

It should be noted that U and USDC are two different stablecoins. The purchased product for this activity is U savings, while USDC is the currency used for the extra rewards pool, and the two should not be confused.

3. Binance Second Phase of "Community Rewards" Activity: Up to 10% Annualized, Plus Double Rewards

This activity is launched by Binance to thank community users for their long-term trust and support. Eligible users can participate in U savings and enjoy an annualized return of up to 10%. The activity continues until November 25th at 07:59:59 (UTC+8).

In addition to the earning opportunities from U savings, there are also additional USDC and SXT rewards.

For users who currently have no clear trading plans and hold idle USDC, it is worthwhile to learn more about this activity.

Users who do not yet have a Binance account can register through the link below:

https://jump.do/zh-Hans/xlink-proxy?id=3
(Invitation code: aicoin668, enjoy a 10% rebate)

After registration, go to the U savings page, check the available products to participate, select the amount and duration that suits you, confirm the return and redemption rules, and follow the on-screen prompts to proceed.

It is important to note: 10% is the maximum annualized return for the activity, and not all users will receive the same yield; the two types of rewards also have their respective participation conditions, which should refer to the official Binance activity page for specifics.

4. Market is Still Changing: Fund Arrangements Can Be Made in Advance

After the non-farm payroll is released tonight, the US stock and cryptocurrency markets may continue to fluctuate. Besides employment data, it is also necessary to pay attention to Federal Reserve policy expectations, ETF fund flows, and BTC's actual response to macro news.

With market volatility, trading plans can also be flexibly adjusted. When there is no clear entry opportunity, keeping trading funds available and arranging idle funds according to personal needs can provide more initiative for subsequent operations.

If you do not yet have a Binance account, you can register through the link below to learn more about trading and U savings products on the platform.

👉 Binance Registration Link:

https://jump.do/zh-Hans/xlink-proxy?id=3
(Invitation code: aicoin668, enjoy a 10% rebate)

Join our community to discuss together and become stronger together!

Official Telegram community: https://t.me/aicoin_support

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Binance benefits group: https://www.aicoin.com/link/chat?cid=gmLgwvKD1

Risk Warning: Digital assets and related financial products carry market risks, and activity income and rewards are subject to official rules. Please fully understand the product terms before participating and make cautious decisions based on your risk tolerance.

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