$ETH Tonight, how do you think this data will impact the market?
Crypto friends, keep an eye on the clock at 9:30 PM tonight; the U.S. will announce last week's initial jobless claims. Don't underestimate this as just routine data, as at this critical point, it could become the most important "barometer" before the Federal Reserve's meeting next week!
What's the market situation now? The debate within the Federal Reserve is intense, with huge differences over the interest rate path. At this time, any employment data will be scrutinized under a magnifying glass. If the actual number released is higher than the predicted 220,000, it may indicate a cooling job market, reinforcing the expectation that "the Federal Reserve should cut interest rates," which would be a small positive for risk assets. If the number is lower than the previous value of 216,000, it suggests that employment is still quite strong, which may dampen the market's expectations for easing.
Here are a few practical reminders for retail investors:
Don't bet on data: The worst thing is to bet on long or short based on gut feelings before the data is released. It's easy to get caught off guard by sudden, drastic fluctuations.
Control your hands, watch the connections: In the quarter-hour after the data is released, the market usually fluctuates wildly. It is recommended that retail investors watch more and act less, focusing on the immediate reactions of the U.S. stock market and the U.S. dollar index; their trends will quickly indicate the emotional direction for the crypto space.
Clarify your positioning: If you are a short-term trader, be sure to set stop losses and not hold positions. If you are a long-term holder, just ignore this short-term noise; your battlefield is not here.
Remember, in a market lacking a strong backbone, every piece of data is prone to overinterpretation. We need to stay calm and wait for the market to digest this information on its own.
If you don't know the specific entry timing and exit points, and for those holding positions, you can call 注赵公明, Zhao Gongming will announce the daily cryptocurrencies and entry points as well as exit timing in the chat room!! #美联储重启降息步伐
