Stunning data just exposed! The number of unemployment claims in the U.S. has shocked the market, and a major trend in the crypto world is about to unfold! Will BTC drop to 100,000 or surge to 120,000?
The recently released crucial data may ignite the cryptocurrency trend in the next 48 hours! The number of initial unemployment claims in the U.S. for the week ending August 16 has been published, along with the Philadelphia Fed Manufacturing Index—these two data points are, in a word: severe!
If the data is bearish:
This indicates that the U.S. economy is not collapsing yet, the Fed's interest rate cut expectations are delayed, the dollar rebounds strongly, and risk assets including BTC and ETH will be hammered first!
BTC may instantly drop below 110,000, testing the support range of 105,000–108,000; ETH will also face difficulties, seeing if it can hold around 4,000–4,100. Remember, once the data is hawkish, a short-term crash is inevitable!
If the data is bullish:
The market will crazily speculate on interest rate cut expectations, the dollar will fall, and funds will flow into risk assets, BTC and ETH will enter a violent rally mode!
Once BTC breaks 116,000, the next target will be 120,000 or even the previous high! ETH will also surge towards the resistance zone of 4,400–4,500! Hold on to your spot, don’t be easily shaken out!
I want to clearly tell everyone now: this is not ordinary news, this is the engine of the market. Once the data is released, volatility will explode instantly, and those in contracts must pay attention to their positions; high leverage may be liquidated immediately!
Why do I place such importance on this type of data?
Because the Fed's policy is the true invisible hand that determines the market direction. Poor unemployment data = heightened expectations for monetary easing = a significant rise in the crypto market; strong data = delayed interest rate cuts = capital outflow. This is the true logic of news-driven trading!
Currently, BTC is at 113,652, and ETH is at 4,291, in a critical moment. You must closely monitor the market before and after the data release, set stop-loss orders, and do not blindly bet on direction.
Follow me to interpret the news from an institutional perspective, to buy the dips and avoid the tops, only eating the body of the fish without getting caught in the tail or head!
