Today (August 31) at 20:30, the data just released on [Initial Jobless Claims in the U.S. for the week ending July 26 / Ten Thousand People] and [U.S. June Core PCE Price Index Year-on-Year] are both negative! This caused the market to collectively decline! Ethereum dropped from 3877 to around 3762! Other altcoins also collectively fell by about 5%-10%.
Tomorrow morning at 8:00, the monthly data will be collected, and on the night of August 1 at 20:30, the data for [U.S. July Unemployment Rate] and [U.S. July Seasonally Adjusted Non-Farm Payrolls in Ten Thousand People] will be released! Currently, Bitcoin and Ethereum have been in a high-level fluctuation for almost 18 days, and the two major data points to be released tomorrow night are quite important events, with a significance rating of five stars! Personally, I believe that regardless of whether the final result is positive or negative, the market will experience some volatility, and considering that the day after tomorrow is the weekend, overall liquidity will be poor. To be conservative, I suggest everyone not to rush to enter the market and wait until the market consolidation is over and the trend stabilizes before entering! This operational advice is for reference only! If anyone has different opinions, you are also welcome to share them in the comments section for mutual exchange and collective improvement!
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