Last night, the US ADP employment data was -3.2, further increasing the probability of a rate cut in December. The US stock market is likely to fluctuate upwards until the 11th, and Bitcoin may pull back a few days in advance, similar to the last time when the Fed cut rates on October 30. Last time, after the Fed cut rates on October 30, US stocks spiked and then fell back, while BTC started dropping early on October 27. So if the Nasdaq surges and then pulls back by the 11th this time, BTC may start to decline around the 8th. Today is the 4th, so the bulls still have a few comfortable days left.