The US Non-farm Payrolls (NFP) data for September is about to come out, and the market is watching closely. Will this data become a turning point for the crypto market?

Let's first talk about what everyone is waiting for. The predictions from major institutions are quite consistent: the new jobs may be between 40,000 and 80,000, with a general consensus around 50,000, and the unemployment rate is estimated to reach 4.3%. The labor market is indeed cooling down, but it hasn't reached the point of collapse.

This lukewarm data may be a good thing for the crypto market. Why do I say that?

Think about the current situation of the Federal Reserve. Once the employment data weakens, the calls for interest rate cuts increase. Once liquidity is injected, the attractiveness of assets like Bitcoin naturally rises. In simple terms, when there's more money, it always seeks a place to go.

There is also a chain reaction: if the data looks bad, the strong dollar may not hold up. With traditional asset yields declining, funds seeking high returns will move elsewhere. Crypto? High risk, high reward, which fits perfectly in this environment.

An analyst from a major bank mentioned a key point - weak employment data may persuade the wavering decision-makers within the Federal Reserve. Once the policy truly shifts, the hedge properties of crypto as an alternative asset will become more apparent.

What should ordinary investors do?

First, don't panic. The US Non-farm Payrolls (NFP) is just a piece of the puzzle; there are still inflation data, consumer spending indicators, etc. Keep an eye on the official statements from the Federal Reserve, and don’t let a single piece of data lead you by the nose.

Be smart with your allocation. Bitcoin is the base, and you should also hold some mainstream coins. Is the market volatile? It's a good opportunity for dollar-cost averaging to smooth out costs. Don't put all your eggs in one basket.

The most important thing is to broaden your perspective. It is normal for short-term K-lines to fluctuate, but the fundamentals of the entire industry remain unchanged. The more complex the macro environment, the more active technological innovation tends to be. Focus on projects with solid ecosystems and continuous development; time will provide the answers.

Weak employment data is not the end of the world; rather, it may be the beginning of a new market trend. The key is to stay clear-headed and not let emotions drive your actions.