$DYM Tonight it's time for the heavyweight data to make its debut!
In November, the manufacturing and services PMI, consumer confidence index, and inflation expectations will be announced in a cluster, each of which is a core variable that can influence market sentiment～
Before and after the data is released, mainstream cryptocurrencies are likely to experience increased volatility! Whether it's a sell-off triggered by negative news or a rebound driven by positive news, the pace of the market will obviously accelerate. It is recommended that everyone keep a close eye on the market and not miss the key window for sentiment switching, and prepare in advance for a more stable response～
1. PMI (Manufacturing + Services)
If the data exceeds expectations, it indicates that the economy is doing well, market risk appetite may rise, and cryptocurrency prices could follow risk assets upward; but if the data falls short of expectations, it means the economy is slightly weak, and risk-averse sentiment may easily heat up, putting pressure on cryptocurrency prices.
2. Consumer Confidence Index
If this value rises, it indicates that consumer expectations are relatively strong, and USD liquidity may tend to loosen, which is favorable for risk assets including those in the cryptocurrency space; conversely, if the value falls, the market will lean towards caution, and funds may withdraw from high-volatility assets.
3. Inflation Expectations
If inflation expectations rise, the probability of the Federal Reserve raising interest rates may increase, and a stronger USD could easily suppress cryptocurrency prices; if inflation expectations decline, the pressure for interest rate hikes may ease, and funds may be more willing to flow into the high-yield cryptocurrency market.