All: With non-farm data approaching, 121000 has become the peak of this round, plummet is about to unfold, and Bitcoin aims for 115000.

Since the beginning of this week, the market has been continuously warming up, and the rise of Bitcoin has left some wanting more, with sustained high-level fluctuations and no signs of coming down in the short term. At the same time, the structural reversal caught the bears off guard, almost to the point of pain in their bones. However, tonight's non-farm payroll is a turning point, and whether the bears can finally lift their heads and breathe freely will depend on tonight.

According to last month's non-farm data, the U.S. non-farm employment figures for August 2025 were significantly weak, with only 22,000 new jobs added that month, far below the market expectation of 75,000. The unemployment rate rose to 4.3%, the highest level since November 2021. This data directly impacts policies and the market: the Federal Reserve announced a 25 basis point rate cut in September, shifting its focus to "stabilizing employment"; the market shifted from rate cut expectations to recession trades, with gold prices rising, U.S. Treasury yields falling, and U.S. stocks opening high but then retreating. Previous annual data was also revised down by 911,000, further highlighting the cooling trend in the job market.

The data has not benefited the market, leading to a significant drop in prices. Tonight's non-farm payroll forecast is 5, with an unemployment rate of 4.3%. If the published results are higher than expected, there will be a substantial drop tonight, likely testing 115000 at the very least. #PI #BTC