Tonight's four major data "bombshells"! Is the cryptocurrency market about to change? Retail investors must pay attention to these 3 points
Brothers, tonight the global market is about to enter a data-intensive period! German consumer confidence, U.S. housing prices, U.S. consumer confidence index, and the API crude oil inventory at midnight—this wave of data seems unrelated to the cryptocurrency market but may actually influence market trends.
Why are these data important? It mainly depends on their impact on the U.S. dollar and market risk appetite. For example, if the U.S. consumer confidence index exceeds expectations, the Federal Reserve's interest rate cuts may be delayed, and a strong dollar is likely to exert pressure on mainstream coins like BTC; meanwhile, the API crude oil inventory at midnight serves as a barometer for the energy market, and fluctuations in energy prices will directly impact whether capital is willing to flow into risky assets like cryptocurrencies.
Retail investors, don’t panic tonight; just remember these 3 points:
1. Light positions overnight: During data-intensive periods, market volatility can be amplified, and controlling positions can reduce unexpected risks.
2. Keep an eye on the U.S. dollar index (DXY): If DXY suddenly spikes after data is released, be alert for a short-term pullback in mainstream coins.
3. Wait for certainty signals: Don’t rush to chase highs or cut losses; it's more reliable to wait until the data is settled and market sentiment stabilizes before taking action.
Just like last month's non-farm data exceeded expectations, Bitcoin spiked 5% in an instant but quickly pulled back. This indicates that the market may overreact to data, but the overall trend won’t reverse in a day.
Personally, I believe that most data tonight may lean neutral, but if the API crude oil inventory increases significantly at midnight, it may reinforce expectations of "slowing inflation," which could actually be a potential positive for the cryptocurrency market. Lastly, a reminder: if it drops, don’t rush to cut; if it rises, don’t hurry to chase; staying steady is the most important thing!
