Economic data dominates market trends, with clear divergence between bullish and bearish signals.

If the data exceeds expectations and the high-interest-rate environment persists, crypto assets will come under pressure. BTC seeks support around 89,000, while ETH tests the key level at 3,050 downward. At this point, two major risks should be watched: leveraged positions being liquidated causing a chain reaction of declines, and continuous outflows of ETF funds, which will significantly increase volatility.

Conversely, if the data is weaker than expected and rate cut expectations rise, risk assets may have a chance to breathe. BTC could rebound to the 91,800-92,000 range, and ETH might attempt to break above resistance at 3,140-3,180. But there's a trap—if trading volume doesn't pick up and ETF funds don't follow, be careful not to mistake a rebound for a reversal. When the market is choppy, timing is everything.