This week the market is going to explode - three heavyweight economic data releases are clustered together, each capable of shaking the crypto market three times.
First, let's talk about the schedule:
**At 9 AM on Tuesday**, Federal Reserve Chairman Powell will give a speech. Although it's a commemorative event, this guy has never been ambiguous when he speaks—any hints about inflation trends and interest rate policies will be wildly interpreted by the market. If he adopts a hawkish tone, be ready for volatility.
**9:15 PM on Wednesday**, ADP employment data will be released. This thing is known as "little non-farm" and gives an early insight into the temperature of the US employment market. If the data is too strong? Then the interest rate cut expectations will have to be pushed back, and risk assets are likely to take a hit.
**At 11 PM on Friday night**, the grand finale is here - the Core PCE Price Index. The inflation indicator that the Federal Reserve values the most, directly determining the direction of monetary policy. The market is already on edge, and any slight deviation in the data could lead to a roller coaster ride in the market.
To be honest, it's pretty unlikely to have a stable week. With data bombardment and tightening liquidity at the end of the year, volatility is almost a sure thing.
Several suggestions: - Don't take too heavy positions, the risk of betting on the direction before the data comes out is too high. - Keep an eye on BTC's resistance to declines; a sharp drop may be an opportunity to enter the market in batches. - Be cautious with altcoins, the old habit of dropping quickly and rising slowly is about to happen again.
The more chaotic the market, the more opportunities there are—provided you stay calm. Don't panic, take a clear look before you take action.
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This week the market is going to explode - three heavyweight economic data releases are clustered together, each capable of shaking the crypto market three times.
First, let's talk about the schedule:
**At 9 AM on Tuesday**, Federal Reserve Chairman Powell will give a speech. Although it's a commemorative event, this guy has never been ambiguous when he speaks—any hints about inflation trends and interest rate policies will be wildly interpreted by the market. If he adopts a hawkish tone, be ready for volatility.
**9:15 PM on Wednesday**, ADP employment data will be released. This thing is known as "little non-farm" and gives an early insight into the temperature of the US employment market. If the data is too strong? Then the interest rate cut expectations will have to be pushed back, and risk assets are likely to take a hit.
**At 11 PM on Friday night**, the grand finale is here - the Core PCE Price Index. The inflation indicator that the Federal Reserve values the most, directly determining the direction of monetary policy. The market is already on edge, and any slight deviation in the data could lead to a roller coaster ride in the market.
To be honest, it's pretty unlikely to have a stable week. With data bombardment and tightening liquidity at the end of the year, volatility is almost a sure thing.
Several suggestions:
- Don't take too heavy positions, the risk of betting on the direction before the data comes out is too high.
- Keep an eye on BTC's resistance to declines; a sharp drop may be an opportunity to enter the market in batches.
- Be cautious with altcoins, the old habit of dropping quickly and rising slowly is about to happen again.
The more chaotic the market, the more opportunities there are—provided you stay calm. Don't panic, take a clear look before you take action.