Can tonight's data make Bitcoin soar? Don't guess blindly, look here!
Friends, I am Qi He. Just focus on 9:30 PM tonight! The U.S. will release the initial unemployment claims for last week, which is a “barometer” of employment for Americans and is closely related to our cryptocurrency market.
What's the logic? It's simple. If the data is low, it indicates that the U.S. economy is “robust,” and the Federal Reserve may continue its “hawkish” stance, not rushing to lower interest rates, which could lead to hot money pulling out of our risk market. Conversely, if the data is high, the economy seems to be “catching a cold,” and funds may flow into assets like Bitcoin to seek shelter and opportunities.
Looking at the predictions, both the previous value and expectation are 224,000 people, a tie. If the released value is lower than this number, it won't be good news for the crypto market in the short term; if it is higher, it could be a catalyst for a small market trend.
So what should we players do? Listen to me, don’t gamble on the data!
Before the release: If you have a heavy position, consider reducing it a bit before the data, or set a stop-loss to feel at ease. If you have a light position, just grab a stool and watch the show.
After the release: If the market fluctuates wildly, don’t rush, wait for it to stabilize for 15-30 minutes before taking action. If the data is good (released value higher than 224,000), and the market is supportive, you can follow the trend with a small position. If it's bad news, then decisively hold back, observe more and act less.
Remember the core: Don’t treat one piece of data as everything! It only affects short-term sentiment. Position management and phased operations are the long-term strategy. Keep your core position safe, use spare cash for short-term trades, and your mindset will be as steady as a mountain.
Tonight, let’s keep an eye on the market together, but don’t let the market “watch” you panic. The bigger the waves, the calmer you need to be. Follow Qi He for rational surfing together!
I am Qi He from the crypto circle, hit follow, and I will teach you how to seize this market wave to catch the whole fish! If you don’t know how to time it, Qi He will provide real-time analysis in the village, giving the current best entry points
