🚀🚀 Tonight, a data storm is coming, and the market direction may undergo a dramatic reversal!
Three important economic data points will be released tonight, which will definitely influence the market direction. For us retail investors, this is also a crucial moment to determine the trend!
1: 🇺🇸 U.S. Initial Jobless Claims Data
According to the latest forecast, the number of initial jobless claims is expected to reach 224,000 this week. If this data continues to rise, it indicates increasingly obvious signs of economic weakness, which would support further easing policies. This may bring short-term positive news to the market.
2: June PCE Core Personal Consumption Expenditures Data
PCE data is an important indicator of inflation, and the market generally expects this data to remain around 2.7%. If PCE data continues to cool down, it will further strengthen interest rate cut expectations, and the liquidity in the market may improve, which is clearly beneficial for risk assets like cryptocurrencies.
3: Monthly Closing of the Major Index
Currently, Bitcoin is consolidating and has maintained a sideways trend for over 20 days. Tonight is the last trading day for the August monthly index, and whether it can close with a strong bullish candle not only relates to market sentiment direction but may also affect the short-term trend of the entire market. Whether Bitcoin can lead the major index to break through the bottleneck is worth paying attention to.
Tonight is not just a night of data; it is a critical night that will determine the market direction. After the data is released, the market may take off like a rocket or quickly retreat. As retail investors, our opportunity lies in market volatility, and it is this volatility that gives us the chance to seize short-term profits.
Capture this wave of market movement and embrace new opportunities! 🚀
