It's like talking. "U.S. Employment Data Exploded! Is Bitcoin Going to Drop with Gold? Don’t Panic, Let the Experienced Driver Steady You!"
Friends, I am Qi He. I just saw some fresh and hot data that I must share with everyone!
Beijing time tonight, the U.S. announced the initial jobless claims for last week, which was 214,000, better than the forecast of 224,000! As soon as the data came out, it directly labeled gold and silver as “bearish.” Many brothers got anxious: What does this have to do with our crypto circle? Is Bitcoin also going to suffer?
Where is the correlation and impact?
In simple terms, this data shows that the U.S. job market is quite stable. When the economy stabilizes, the Federal Reserve may not rush to cut interest rates and may even continue to be tough. This is pressure for gold, which “doesn’t earn interest.” In the crypto space, especially Bitcoin, it is often seen by some as “digital gold.” When the overall environment is tight on funds, the short-term sentiment will inevitably be affected, possibly causing some fluctuations.
But! Here comes the key point!
Our crypto market is not a “tail” of gold! It has its own temper, looking at technical upgrades, regulatory trends, institutional involvement, and more importantly, the consensus among global players. One piece of data cannot determine everything? You’re thinking too much! Right now, the market is more about gambling on expectations for interest rate cuts next year, and short-term fluctuations are normal.
What should players do? Listen to Qi He:
Don’t scare yourself: The worst thing is to panic and cut losses when seeing “bearish” news. Data is just one of the factors affecting the market, not everything.
Positioning is key: If your position is too heavy and you can’t sleep well, take the opportunity to reduce it a bit during the rebound; making yourself comfortable is the most important. If your position is healthy, hold on to the spot and ignore the noise.
Long-term vision: If you really want to survive in this market and make money, don’t stare at the five-minute chart every day. Pay attention to the real trends in the industry; has the foundation of the bull market changed? If not, maintain your faith.
I am Qi He from the crypto circle, follow me, and I will teach you how to seize this wave of market and catch the big fish! If you don’t know how to time it, Qi He will analyze it in real-time in the village, providing the current best entry point
