🚨 Important economic news today and its impact on the cryptocurrency market
Today, the U.S. jobless claims report (Initial Jobless Claims) will be released at 8:30 AM New York time, and it is one of the data points that the markets monitor closely.
📊 Why is this report important?
Because it provides a direct picture of:
The strength of the U.S. labor market
The Federal Reserve's direction regarding interest rates
The level of liquidity and risk in the markets
🔍 How does this reflect on crypto?
🔹 A reading lower than expected
→ A strong labor market
→ Potential tightening by the Federal Reserve
→ Pressure on high-risk assets (including cryptocurrencies)
🔹 A reading higher than expected
→ Weakness in the labor market
→ Potential easing of monetary policy
→ Possible support for crypto and stocks
🔹 A reading within expectations
→ The impact is often limited
→ Because the market has likely priced in the news in advance
⚠️ A very important point:
Market reactions are not always logical or direct
Sometimes:
Positive news = decline
Negative news = rise
📌 The reason:
Pricing in advance
Position liquidations
Weak liquidity
Whale movements
🎯 What should we do as traders?
✔️ Do not trade on the news alone
✔️ Watch price movement before and after the news
✔️ Pay attention to support and resistance areas
✔️ Consider the news a driver, not a decision in itself.
