$BTC $SOL

Don't think about catching the needle! Let’s seriously go through the macro data:

From the published data, the impact analysis on the cryptocurrency market is as follows:

U.S. initial jobless claims for the week ending March 8

Published value: 220,000, lower than expected (225,000), and also lower than the previous value (222,000).

This indicates that the labor market remains strong, with good employment conditions, and the Federal Reserve may continue to maintain high interest rates, which is bearish for the cryptocurrency market (as the probability of easing policies decreases).

U.S. February PPI year-on-year rate

Published value: 3.2%, lower than expected (3.3%) and the previous value (3.7%).

The decrease in the Producer Price Index (PPI) means that inflationary pressures are easing, which may reduce the Federal Reserve's motivation to raise interest rates, bullish for the cryptocurrency market.

U.S. February PPI month-on-month rate

Published value: 0%, far below expectations (0.3%) and the previous value (0.6%).

The decline in the PPI month-on-month rate further confirms the trend of slowing inflation, and the market may become more dovish regarding the Federal Reserve's future policies, bullish for the cryptocurrency market.

Comprehensive impact:

The overall decline in PPI data indicates weakened inflationary pressures and enhances expectations of future interest rate cuts, bullish for the cryptocurrency market.

The jobless claims data being lower than expected indicates that the job market remains tight, which may somewhat suppress expectations for interest rate cuts, slightly bearish for the cryptocurrency market.

Final judgment:

The bullish effect of PPI outweighs the bearish effect of initial jobless claims, overall leaning towards bullish for the cryptocurrency market. The market may expect the Federal Reserve to adopt easing policies earlier in the year, pushing up risk assets like Bitcoin.