Tonight, three important employment data will be released in the United States, including the ADP employment report, weekly initial jobless claims, and the Challenger job cuts report. The simultaneous release of these data may trigger significant fluctuations in the encryption currency market.
Analysts predict that this ADP employment figure may only be 89,000, far lower than the last 324,000. If the actual data falls below expectations, it may strengthen the outlook for an economic slowdown, which could in turn affect the Federal Reserve's monetary policy decisions. In this case, the price of Bitcoin may see a significant increase. Conversely, if the data exceeds expectations, the market may experience a severe sell-off.
The initial jobless claims data is also worth paying attention to. The expected figure is 240,000, slightly higher than the previous value of 239,000. Even if the actual data only slightly exceeds expectations, it could trigger a chain reaction in the market. Historical data shows that the initial jobless claims data has a high correlation with Bitcoin price volatility.
In the face of potential market volatility, investors should act cautiously. It is advisable to reduce leverage before data is released and to retain enough stablecoins to cope with various market situations. If the ADP data is below expectations, it may present an opportunity to go long on Bitcoin or Ethereum. Conversely, if initial unemployment claims data is higher than expected, one might consider gradually allocating to other encryption currencies, especially projects related to artificial intelligence and decentralized infrastructure.
Regardless, investors should closely monitor the release of these economic data and their impact on the encryption currency market. Although the publication of data may bring risks, it can also create investment opportunities. Staying vigilant and analyzing market trends in a timely manner is essential to seize opportunities amidst the volatility.
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GamefiHarvester
· 09-04 12:49
Long order has been opened.
View OriginalReply0
Degentleman
· 09-04 12:46
There is another opportunity to make a combination attack.
Tonight, three important employment data will be released in the United States, including the ADP employment report, weekly initial jobless claims, and the Challenger job cuts report. The simultaneous release of these data may trigger significant fluctuations in the encryption currency market.
Analysts predict that this ADP employment figure may only be 89,000, far lower than the last 324,000. If the actual data falls below expectations, it may strengthen the outlook for an economic slowdown, which could in turn affect the Federal Reserve's monetary policy decisions. In this case, the price of Bitcoin may see a significant increase. Conversely, if the data exceeds expectations, the market may experience a severe sell-off.
The initial jobless claims data is also worth paying attention to. The expected figure is 240,000, slightly higher than the previous value of 239,000. Even if the actual data only slightly exceeds expectations, it could trigger a chain reaction in the market. Historical data shows that the initial jobless claims data has a high correlation with Bitcoin price volatility.
In the face of potential market volatility, investors should act cautiously. It is advisable to reduce leverage before data is released and to retain enough stablecoins to cope with various market situations. If the ADP data is below expectations, it may present an opportunity to go long on Bitcoin or Ethereum. Conversely, if initial unemployment claims data is higher than expected, one might consider gradually allocating to other encryption currencies, especially projects related to artificial intelligence and decentralized infrastructure.
Regardless, investors should closely monitor the release of these economic data and their impact on the encryption currency market. Although the publication of data may bring risks, it can also create investment opportunities. Staying vigilant and analyzing market trends in a timely manner is essential to seize opportunities amidst the volatility.