Tonight at 8:30 PM! Unemployment data could trigger a rally in the API3, breaking its sideways trend!
The latest unemployment data from the US will be released at 8:30 PM Beijing time, potentially triggering a breakout of the API3's sideways trend!
Unemployment data reflects the US employment situation: Poor data (high unemployment) → a potential recession → capital flows to the US dollar, suppressing crypto; good data (low unemployment) → strong expectations of a Fed rate cut → crypto benefits.
Historical reference: July's non-farm payroll data was a surprise, sending Bitcoin plummeting 8% that day! Currently, the API3 is closely tied to the US stock market and may follow suit tonight. Coupled with Trump's tariffs, if unemployment data worsens, watch out for further declines in the API3!
API3 Technical Analysis: The sideways trend is almost over!
Looking at the 1-hour candlestick chart, the API3 is stuck at the end of its sideways trend, with three signals suggesting a reversal:
Key levels: Support at $1.24 (a break below could trigger a stop-loss), Resistance at $1.79 (a breakout requires volume). Pattern: Bulls and bears are battling (doji + hammer candlestick), with trading volume shrinking to the "calm before the storm." Indicators: Bollinger Bands are converging to the $0.15 range, impending a breakout; RSI is stuck near 50, so choose your direction now!
Trading Suggestions: What to do after the data is released?
Negative data (high unemployment): API3 may fall to $1.24-1.3. Try a small long position with a stop-loss at $1.2. After a sharp drop, watch for a rebound if the Fed "doves." Positive data (low unemployment): Break through $1.79, then confirm with a pullback, then follow up with a long position, targeting $2! Risks: Be wary of "good data but a falling market" (buy anticipation, sell reality). Observe whether trading volume increases in the 30 minutes following the data.
Tonight's market may fluctuate by ±5%, so place orders in advance to prevent slippage! Remember: the longer the sideways trend, the more drastic the market reversal. The window for a API3 reversal has opened!
The ETH bull train is down to its last carriage. Stick to your strategy and let the profits blow the screen away! The market is going crazy, aren't you? Just do it! 点这里带你上车🚙
