I just saw that there is a wave of US economic data to be released tonight, all of which are heavy! Don't think that these numbers have nothing to do with our crypto circle, in fact, every indicator is influencing market sentiment. Let me break down the doorway of these data and talk about how to deal with it by the way.

Data is the "dollar barometer"
The initial jobless claims and the monthly rate of factory orders announced tonight are essentially a physical examination of the US economy. If the data is not good, the number of unemployed people rises, the dollar may weaken, and at this time, some funds will flow to safe-haven assets such as Bitcoin; In turn, the data was stronger than expected, the dollar strengthened, and money returned to traditional markets. Therefore, the short-term fluctuations in the crypto market are often carried away by these data!

Don't let the data lead you
I've seen too many people rush in as soon as they see the data, and the result is reversed. For example, if the number of unemployment benefits suddenly soars, the market may pull a wave instantly, but if you chase higher at this time, the main force will change hands and smash the market, directly putting you on the top. My experience: In the first half hour after the data is released, don't rush to operate! Observe whether the market reaction is real or fake, and wait for the emotions to be digested before finding the opportunity to enter.

The real opportunity is in the "expected gap"
Veterans who can make money study market expectations in advance. For example, tonight's EIA natural gas inventory data, if the actual figures deviate greatly from the forecast, the market is prone to violent fluctuations. If you prepare in advance, you may be able to seize the opportunity. But don't stud! Small positions are tempted, and if you make money, you will withdraw, and if you lose, you will not hurt your muscles and bones.

In a word: data affects short-term fluctuations, but don't be swayed by emotions. Seeing the direction clearly and light trial and error is the steady way to play.