7.16|It’s time for another round of Yu’s education


“Initial Jobless Claims” in the US will be released at 8:30 PM
This data reflects the health of the US labor market
In simple terms:
● If the released value is lower than expected (for example, 215 thousand or below), it indicates a strong jobs market → the Fed may delay rate cuts → the US dollar strengthens → risk assets (including Bitcoin, Ethereum, etc.) face pressure and fall.
● If the released value is higher than expected (for example, above 220 thousand), it indicates a weak jobs market → the market prices in the Fed cutting rates earlier → the US dollar weakens → capital flows into high-risk assets, and the crypto market may see a rebound.
$BTC #eth
BTC-1.46%
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