Tonight at 21:30, significant economic data from the United States will be released, and there is a warning for volatility in the cryptocurrency market!
At 21:30 tonight, two core economic data from the U.S. will be unveiled, which have not yet been published. The cryptocurrency market is likely to experience significant fluctuations, and all crypto enthusiasts must be alert to the risks!
The number of initial unemployment claims in the U.S. for the week ending December 13: previous value 236,000, expected 225,000. If the data is below expectations, it indicates a strong U.S. job market, cooling expectations for interest rate cuts, which may strengthen the dollar and suppress cryptocurrencies; conversely, if the data is above expectations, the rising interest rate cut expectations will benefit cryptocurrency prices.
The U.S. November seasonally adjusted core CPI year-on-year: the market expects 3%, which is a key indicator reflecting U.S. inflation. If the actual value exceeds expectations, high inflation will weaken interest rate cut expectations, negatively impacting the cryptocurrency market; if the actual value is below expectations, falling inflation will push up interest rate cut expectations, boosting risk sentiment in the cryptocurrency market.
The Fed's monetary policy direction directly affects liquidity in the cryptocurrency market, and these two data points will become important indicators. Before and after the data is released, the volatility of mainstream coins like Bitcoin and Ethereum is likely to surge significantly. It is advised to control positions, set strict take profit and stop loss levels, and avoid blind trading.
If you are unsure and do not know how to operate, feel free to come to my chat room to discuss. I will guide everyone to manage risks and avoid pitfalls.
