Tonight, three major data shocks are coming! Retail investors in the crypto circle, don't panic, this is how to respond steadily.
Brothers, stay alert! The financial market is about to be awakened by three "data bombs" tonight, and the previously stagnant market is likely to completely surge!
First up is the challenger company layoff data at 20:30, which is a solid core indicator.
Last month, this data skyrocketed by 183%, reaching 153,000, setting the highest record for October in over 20 years, with the technology and retail industries becoming the hardest hit.
More critically, surveys indicate that nearly one-third of American companies plan to lay off workers before Christmas, which means they want to save on year-end bonuses and operational expenses.
If tonight's data blows up again, it can basically be concluded that the job market can't hold up and the economy is heading downhill; at that point, the Federal Reserve will likely have to seriously consider lowering interest rates.
Next, the initial jobless claims number will be announced at 21:30. As a high-frequency data updated weekly, it has already released warning signals—it's becoming increasingly difficult for unemployed friends to find new jobs.
If this number spikes again tonight, it will form a "double confirmation" with the layoff data, and the market will immediately crazily speculate on the expectations of an "economic recession and interest rate cuts coming soon."
The impact on the crypto circle is very direct: in the short term, the worse the data, the stronger the panic sentiment in traditional markets; this sentiment will spread quickly, and mainstream crypto assets will likely be under pressure;
but in the long run, this may instead force the Federal Reserve to accelerate the shift towards easing. Once the market digests the panic and starts to position for next year's liquidity influx, risk assets like crypto may experience a wave of retaliatory liquidity rebound.
Finally, I have a practical suggestion for retail investors: don’t operate recklessly tonight! Half an hour before and after the data release, market fluctuations will be extremely severe, making it easy for both long and short positions to be liquidated.
Focus on the real-time trends of US stocks and US Treasury yields; these two are barometers of market sentiment. Once the market has digested the news, if core crypto assets can maintain key support levels, it won’t be too late to consider gradually buying on dips. #加密市场观察 $BTC
