The US ISM Non-Manufacturing PMI will be announced tonight, with market expectations at 55 and the previous value at 56.1.

Three scenarios and their impact on the crypto market:
- Above 56.1 (better than expected strength)
Overheating economy + sticky inflation → delayed rate cut expectations → short-term negative impact on the crypto market, Bitcoin/altcoins under pressure, altcoins generally weaker — 55 to 56.1 (in line with or slight weakening)
- Mild cooling of the service sector → stable market sentiment → range-bound fluctuations, no major trend
- Below 55 (significantly below expectations)
Signal of economic slowdown → earlier rate cut expectations → short-term positive for the crypto market, Bitcoin/altcoins may rebound easily, key point: tonight’s data only affects short-term rhythm, the overall trend depends on the Fed’s rate cut cycle, follow the trend accordingly.