At 8:30 PM tonight, the ETH bears will collectively face their 'cremation ground'! 4800 is just the starting point, is 5000 the ceiling?
Pull the oxygen tank from the bears, it's tonight!
The crypto market is never short of myths of getting rich quickly, but tonight, the bears may be nailed to the pillar of historical shame!
Tonight, will the bears be rubbed on the ground by the 'jobless claims data'?
At 8:30 PM tonight, when the US initial jobless claims data is released, the market is very likely to 'explode'.
If the data is below 240,000 (indicating a recovering economy), the Fed's rate cut expectations will be fully realized, and ETH breaking through 4800 USD is just the starting point; the bears will be crushed by the 'bullish tide'.
If it is above 250,000 (signaling economic recession), it might drop to 4500 in the short term, but don't panic! Institutions have already set aside 35 billion USD, just waiting to 'scoop up the corpses'!