Tonight, when these data are released, the crypto market might start to move!
Friends, I am Qi He! I just saw an economic data schedule, and tonight is going to be lively, with a bunch of important data to be announced that will have a significant impact on the crypto market. Let's chat about it quickly.
First, let's look at the key points: at 16:30, Swiss interest rates; at 21:30, U.S. unemployment claims and trade balance; at 23:00, wholesale sales, plus China's M2 data. These are not small matters, and they directly affect the market's nerves.
If U.S. unemployment claims are high, it indicates a poor job market, and funds may seek a safe haven, potentially benefiting the crypto market; the trade balance affects the dollar’s trend, and if the dollar weakens, assets like Bitcoin might become more attractive. China's M2 data should also be noted, as increased money supply could change global liquidity and indirectly drive investment sentiment.
I personally think this data might bring an opportunity to the crypto market. Especially from the U.S. side, if the data points to economic instability, crypto assets might benefit, as everyone seeks safety. But don’t be too optimistic; market sentiment can change rapidly, so you need to maintain a stable mindset.
What should traders do? Simple: keep a close eye on the data release times, especially after 21:30. If the data is positive, like unemployment claims exceeding expectations, you can appropriately increase your positions; if it’s negative, like the dollar strengthening, reduce your positions promptly to control risk. Remember, don’t follow the crowd blindly, respond flexibly to market changes, and set your stop-loss properly; that’s the key.
In short, tonight is an observation window, and the data hides the clues to the flow of funds. Stay alert, act according to the trend, and you'll navigate the crypto market with ease. I am Qi He, let's monitor the market together and seek victory steadily!
Remember, Qi He doesn’t deal in illusions. What you need is “understandable and profitable” content, and what I want is to help you avoid pitfalls and seize opportunities.
Follow Qi He, + chat room, to help you avoid pitfalls, and be the first to analyze the subsequent flow of funds, seizing every opportunity to make money!
