It's currently 8:36 PM Beijing time, and the non-farm payroll data was scheduled for release at 8:30 PM. Based on the usual release time, the results should already be out, but we haven’t seen the specific numbers yet. Just now, news about 'Iran planning legislation to restrict air travel' was interpreted by the market as a resurgence of geopolitical risks, causing oil prices to rebound. Meanwhile, $BTC surged from around 64,400 directly past 65,100, breaking through the previously stubborn 65,000 resistance level. This rally feels more like a 'pre-emptive pricing' move ahead of the non-farm payrolls, with the market betting early on weak employment data, thereby fueling expectations for rate cuts. However, this is just sentiment-driven. The real direction will only be confirmed once the non-farm payroll numbers are out. Key points to watch: - Market expects an increase of around 80,000 jobs; - ADP previous figure was only 44,000, hitting a six-month low; - If the data comes in below 80,000, rate cut expectations will rise, and $BTC could push further to 65,700 or even higher. - If the data exceeds 100,000, rate hike expectations will strengthen, and $BTC might retest 64,000. The direction will be revealed soon—keep an eye on the data.