Tonight, the crypto market faces a triple test, and volatility risks should be watched closely

Tonight, the cryptocurrency market will be hit by a concentrated onslaught of three major key events, and short-term volatility may be significantly amplified. The U.S. March retail sales data to be released at 20:30 is the first hard economic indicator since the outbreak of the U.S.-Iran conflict. The strength or weakness of the data will directly affect the market’s judgment of the pace of rate cuts: if the data comes in above expectations, rate-cut expectations will cool further, and risk assets such as BTC will face pressure and pull back; if the data is weak, risk-averse sentiment may temporarily boost demand for hedging crypto assets.

At the same time, Trump will appear on CNBC, and his remarks on Iran could trigger rapid changes in geopolitical risk, causing market liquidity to tighten in stages. Afterwards, at 22:00, the Federal Reserve Chair nominee hearing will be held in Washington, and his stance on inflation and interest rates will influence how the market prices subsequent monetary policy; hawkish remarks may further exacerbate market volatility.

Currently, the crypto market is highly sensitive to macro news. With the three events overlapping, near-term bulls-and-bears competition will intensify, and investors need to strictly control their positions, staying alert to risks caused by extreme volatility.
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