Tonight at 21:30, the global market will face the 'ultimate judgment'! Last night, Powell cut interest rates and expanded the balance sheet, but the market surged and then fell back. Bitcoin and Ethereum both plummeted, indicating that optimism has been overstretched, and good news has turned into bad news. Powell stated that the Federal Reserve will return to a data-dependent mode, and tonight's announcement of the number of initial unemployment claims in the U.S. for the week ending December 7 will be the first key data, marking the 'judgment day' for the market. The current job market is the core lifeline, and the number of initial unemployment claims is the 'thermometer' for measuring its health. The expected value of 220,000 is a crucial psychological threshold. If the reported value is less than 220,000, the labor market is resilient, raising the threshold for the Federal Reserve to cut interest rates, which could trigger a selling wave and put pressure on risk assets. If it exceeds 220,000, it confirms a cooling job market, and risk assets may celebrate. However, there is a larger cloud looming — the possible interest rate hike by the Bank of Japan is approaching, tightening global liquidity. In the guessing game of 'data dependence,' any data that falls short of expectations could be the straw that breaks the camel's back. Tonight, don't just focus on one number; it will set the tone for trading for at least a month. Buckle up, this will be a battlefield of long and short squeezes, with a pullback or the last chance for short sellers to add positions and bulls to escape the peak! $SOL $BNB $XRP