There’s a key data release tonight at 21:15—the US ADP Employment Report.

Normally, this data might not draw much attention, but this time is different. The Fed’s policy meeting is coming up, and several important economic indicators haven’t been released yet, so this “mini nonfarm payrolls” has become one of the few reference points they have.

Why should the crypto market care? Because Fed moves directly determine how global capital flows.

If the data is off the charts, it means the economy is still running hot, high interest rate policies are likely to continue, and markets will be on edge in the short term—Bitcoin and Ethereum might both see some turbulence. If the data is mediocre or even disappointing, the market may start to imagine a possible shift toward looser policy, which could actually be a potential opportunity for crypto assets.

What should retail investors do now?

The key is just two words: don’t panic. There will definitely be volatility before and after the data release, but that’s just a short-term reaction and doesn’t mean a trend reversal.

If you’re heavily positioned, just hold onto mainstream coins and don’t get shaken out by short-term moves. If you’re lightly positioned, you can wait and see—if there’s a panic drop, consider buying in batches. The worst thing you can do is chase the highs or panic sell at lows—don’t rush in when it’s green or cut losses when it’s red.

Keep an eye on the market tonight, stay calm, and let’s watch the show together.