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Tonight from 20:15 to 20:30, US employment data will become a decisive factor for the Crypto Assets market. The ADP employment numbers and initial unemployment claims data will directly influence market direction. If the data is weak, the dollar may come under pressure, and Bitcoin is expected to experience a big pump; conversely, funds may flow back to traditional markets, and the Crypto Assets market may suffer.
However, surface data may be misleading. ADP data may be affected by layoffs in the tech industry, while the retail and healthcare sectors continue to hire. The true situation of initial unemployment claims may be more severe than the surface numbers suggest. In addition, the trade deficit rose to 103.6 billion in July, putting tremendous pressure on the dollar, as funds are seeking an exit.
Market sentiment has reached a boiling point, waiting for the data to be revealed. The basic logic is: weak data may trigger expectations for a Federal Reserve interest rate cut, driving funds into the crypto assets market; strong data could lead to a return of the dollar, squeezing the crypto assets market. However, caution is needed against false breakouts; the true market direction should be based on trading volume.
Short-term investors should wait for the first wave of big fluctuations after the data is released before making decisions. Steady investors should set stop losses and build positions in batches. Professional investors will pay attention to divergences between data and on-chain activities, such as changes in active Ethereum addresses and Gas fees, which may reveal potential investment opportunities.
Tonight's market fluctuations may bring huge opportunities or risks, with no middle ground. Investors need to pay close attention, reasonably grasp the timing of entry and exit points, and carefully choose strong coins. At this critical moment, the correct execution of strategy will be the key factor in determining success or failure.