When the number of initial unemployment claims is announced, Bitcoin might directly "party"—either it soars or plummets, all depending on the expression of this number!
At 8:30 PM tonight, the U.S. initial unemployment claims data will definitely serve as a barometer for the short-term trend in the crypto market. Don't be misled by the complicated name of this data; it essentially boils down to one sentence: if more people are unemployed, the Federal Reserve might have to loosen monetary policy; if fewer people are unemployed, interest rate hikes will continue unabated. Whether it's loosening or hiking rates directly determines whether Bitcoin will rise or fall!
Data worse than expected:
If the number of unemployed suddenly surges to over 235,000, don’t panic! This could actually be a positive signal—indicating that the economy might not be able to hold up, and expectations for the Federal Reserve to cut interest rates will soar like a rocket! As money becomes more available, funds will naturally flow into high-risk, high-return assets like the crypto market, and Bitcoin could surge in no time. At this point, don’t hesitate; short-term opportunities might be more enticing than gold!
Data better than expected:
If the number of unemployed drops to 225,000 or even lower, instead, be cautious! This represents a still strong job market, and the Federal Reserve might continue to maintain high interest rates, which could vacuum liquidity out of the crypto market like a vacuum cleaner. At this time, Bitcoin might just "lie flat," or even undergo a correction. But remember—good data does not equal long-term benefits; issues like industry mismatches and high continuation claims may hide bigger risks!
Long Ge's viewpoint:
When the data is released, don’t rush to chase prices up or down! There are often “momentary spikes leading to reverse rallies” orchestrated by market manipulators. The real trend will depend on how Federal Reserve officials react after the data is released—whether they stand firm or back down.
Tonight, are you watching the data or "human nature"?
Data is just the fuse; what truly determines the trend in the crypto market is the market's "expectation game" regarding the Federal Reserve. At 8:30 PM tonight, remember to lock in on the data release! After viewing the data, don’t forget to come to the comment section and chat with me—who do you think will win tonight: the "interest rate cut expectations" or the "high interest rates maintained"? #比特币巨鲸换仓以太坊
Do you understand the current market conditions? Still, the same question, feeling lost and helpless without knowing what to do, follow Long Ge, and let me guide you through the market!
