The US ADP employment data for November just came out, and it stunned the market—down by 32,000, the worst performance in over two years.

As soon as the news broke, traders immediately adjusted their expectations, with the probability of a rate cut in December soaring to nearly 90%. Honestly, given the current situation, it’s hard for the Fed not to cut rates.

The most direct beneficiaries? The crypto market has already voted with its feet. Bitcoin surged over 4% in a single day, and Ethereum jumped more than 3%, with capital reacting faster than anyone else.

But let’s be clear: a large part of this rally is front-running expectations of a rate cut. When the actual event happens, you need to watch out for the old “buy the rumor, sell the news” play.

For now, keep a close eye on key resistance levels: can Bitcoin hold the $92,000 mark? Is there a chance for Ethereum to break through $3,200? These two levels will determine the short-term direction.

My advice is simple—don’t rush to chase the highs. It’s more cost-effective to wait for the market sentiment to cool off and look for buying opportunities at lower levels. If you really want to catch the rhythm, keep an eye on how upcoming macro data plays out.