Tonight's big event is about to happen! Crypto enthusiasts can't sleep?


I just took a quick look at the market, and tonight's data situation is not simple! There’s not only the "non-farm" ADP report but also a bunch of services PMI data. The most critical are the EIA crude oil inventories at 23:30 tonight and the Federal Reserve Beige Book early tomorrow morning.
Don’t be fooled by the mixed data now; the core focus is on two points—employment and inflation. If the ADP report surprises to the downside, the dollar's fluctuations could directly cause Bitcoin to wobble; but the real highlight tonight is crude oil! If the EIA inventories continue to change significantly, combined with recent Middle East events, a sharp drop in oil prices could alter inflation expectations, which is crucial for the Fed’s future "verbal guidance."
BTC-0,69%
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