Everyone, the U.S. economic data bombardment is coming, and we must keep a close eye on the market tonight!
At 21:30 Beijing time, a wave of critical data will be released: non-farm employment, retail sales, and wage growth data. These three indicators directly affect the dollar's trend, and the strength or weakness of the dollar has a tangible impact on BTC's market—if the dollar is strong, Bitcoin is likely to be under pressure.
Currently, BTC is hovering around 86,000, and market sentiment is waiting for the results of this set of data. My judgment is that non-farm payrolls may exceed expectations. If the data shows strong performance, the Federal Reserve's expectations for interest rate cuts will be lowered, putting pressure on risk assets to correct.
Next, at 22:45, the preliminary values for manufacturing and services PMIs will be released. The interesting point here is that if the data is good, risk assets may rebound in the short term, but the dollar will also strengthen, putting the crypto market in a dilemma. On the other hand, if the PMI shows robust performance, altcoins may find opportunities to rebound.
At 23:00, there will also be commercial inventory data, which has relatively less impact, but on such a data-intensive day, every data point is worth paying attention to.
To be honest, tonight is a showdown between technical and sentiment factors; the impact of data often outweighs candlesticks and support levels. To navigate this period steadily, the key is not to fight against the trend—if the direction is unclear, manage your positions well, and avoid this wave of volatility for now. Either take advantage of the opportunity when the data ignites, or just lie still and wait for the results; there is no middle ground. $BTC #非农就业数据
