ChainThink report, October 3rd, due to the congressional shutdown, there is uncertainty about the release of the US September non-farm employment data. Senator Warren emphasized that the data has been processed and urged the government to release it on schedule, otherwise it will affect the basis for the Federal Reserve's interest rate decision at the end of October. The market currently can only rely on alternative indicators such as ADP, and the ADP report shows an unexpected decline in private sector employment, further deepening concerns about economic slowdown.

From a macro perspective, if the non-farm data is delayed or weaker than expected, it will increase market speculation about rate cuts. In the short term, this is beneficial for risk assets, but information vacuum may also amplify volatility and uncertainty.

Bitunix analysts' view: The data delay caused by political games has made the market rely on alternative information, increasing volatility. From the perspective of the crypto market, if BTC breaks through the 121k area, the liquidation intensity will reach 650 million USD; the areas around 112k and 108k form multiple layers of support. The recent rapid rise has reached the densely liquid area above, and in the short term, it may face consolidation and adjustment. Investors are advised to remain cautious and pay attention to the potential resistance and support levels revealed by the liquidation bands.