Emergency Risk Alert: US unemployment data will be released tonight at 20:30!
20:30 US initial jobless claims for the week ending March 15 (ten thousand people)
Expected 22.4 Previous value 22
If the data is below expectations (<22.4 ten thousand), be careful of leveraged long positions! A sudden drop could trigger liquidation events;
Countermeasures: reduce positions, set stop losses, avoid altcoins!
If the data is above expectations (>22.4 ten thousand), funds will only recognize BTC! Altcoins will struggle to rise and may get drained!
Countermeasures: add margin to short positions, take profits on short-term trades, keep an eye on US stock market correlations!
Remember: data is just the tool of the whales, don't gamble on direction! Surviving allows you to buy at the bottom! $ETH $SOL $BTC