Warning: Tonight is not a good time for high-stakes gambling, especially for short positions!
Still considering whether to take a big gamble tonight? Listen up, important things should be said three times: now is absolutely not the time to short!
#### Heavy data coming tomorrow night
Tomorrow night at 8:30 PM, the United States will announce the number of initial jobless claims for the new week. This data could become the trigger point for the market. Recently, the government and businesses have been streamlining operations, and layoffs have been significant. If these laid-off workers begin to apply for unemployment benefits, the number of initial jobless claims is likely to rise.
What does an increase in the unemployment rate mean?
Once the number of unemployed increases, the market's expectations for interest rate cuts will also heat up. This is the fundamental reason why the market suddenly surged last night - the market may have already sensed this signal in advance. Shorting at this time is akin to going against market trends, which poses a high risk.
The market direction has changed
If you choose to short now, you should be careful; the market may give you a profound lesson. In the current environment, following market trends is the wise move.
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Summary
It is very necessary to remain cautious before the release of significant economic data. Especially with key indicators like initial jobless claims, which not only affect market sentiment but could also alter expectations for monetary policy. Therefore, at this stage, try to avoid shorting to prevent unnecessary losses. Remember, the market is always right; aligning with the trend is the way to go further. #加密货币总市值重回3万亿 #特朗普称无意解雇鲍威尔