Tonight at 8:30 PM, the initial jobless claims data is coming, crypto market beware of the changing winds!

Tonight at 20:30, the United States will announce the number of initial jobless claims for the week ending August 16, with market expectations at 225,000 and the previous value at 224,000. Although it seems unremarkable, for short-term market trends, especially for risk assets like Bitcoin and Ethereum, this type of macro data can still trigger fluctuations instantly.

Data exceeding expectations means increased employment pressure, which could put pressure on US Treasury yields and weaken the dollar, which is favorable for crypto assets; conversely, if the data is favorable for the dollar, it may temporarily suppress cryptocurrency prices.

For crypto players, the 30 minutes before and after 20:30 tonight is crucial. It is recommended to pay attention to the volatility of Bitcoin and Ethereum, manage positions carefully, and avoid chasing highs and cutting losses. With large short-term fluctuations, cautious investors may choose to wait and see, while aggressive investors can refer to 5-minute level signals.