Tonight at 8:30 PM! Unemployment data may ignite API3 market movement. Will the sideways market break?!!!

At 20:30 Beijing Time, the number of initial jobless claims in the U.S. for the week ending August 16 will be released, which could very well be the key trigger to break the API3 sideways market!

1. News aspect: How does unemployment data impact the crypto nerves?

Data logic: The number of initial jobless claims reflects the warmth or coldness of the labor market. If the data is higher than expected, it may trigger concerns about economic recession, leading funds to flow into the dollar, suppressing the crypto market; if lower than expected, it would strengthen expectations for a Federal Reserve rate cut, which is positive for risk assets.

Historical reference: The disappointing non-farm payroll data in July directly triggered an 8% single-day drop in Bitcoin. Currently, the correlation between API3 and U.S. stocks is at 0.8; tonight's data may replicate the script of "U.S. stocks drop → crypto follows suit."

Special background: The tariff policies of the Trump administration have intensified economic uncertainty. If unemployment data worsens, it may accelerate the "recession trade" logic, and API3 needs to be cautious about a corrective drop.

2. Technical aspect: What signals are hidden in API3's sideways movement?

According to the latest 1-hour candlestick chart, API3 is currently in the "final stage of box consolidation," with three major features worth noting:

Key levels identified: Support at $1.24, breaking below may trigger stop-loss orders; resistance at $1.79, a breakthrough needs volume support.

Formational hints: A combination of consecutive doji and hammer candlesticks shows heightened bull-bear contention; trading volume has shrunk below the average line, a typical "calm before the storm."

Indicator warnings: The BOLL Bollinger Bands have narrowed to the $0.15 range, a breakout is imminent; the RSI indicator is near the neutral 50, a directional choice is about to be made.

3. Exclusive opinion: Operation suggestions after data release

If the data is negative: API3 may dip to the $1.24-$1.3 range, consider light long positions, stop-loss at $1.2;

Logic: After a sharp drop, watch for rebound opportunities from "dovish comments" by Federal Reserve officials.

If the data is positive: After breaking $1.79 and confirming with a pullback, consider following long positions, targeting $2;

Risks: Be wary of "buy the rumor, sell the news," and observe whether trading volume expands in the 30 minutes following the data release.

Tonight's market may replicate the script of "±5% volatility at the moment of data release," it is suggested to place orders in advance to avoid slippage. Remember! As long as the sideways movement lasts, the height of the vertical movement will follow; the window for change in API3 is already open!

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