There is some data worth noting at 11 PM tonight - the US November ISM Manufacturing PMI is about to be released. This thing actually has quite a subtle effect on the coin market.

A simple discussion on logic: If PMI exceeds expectations (above 49), it indicates that the US economy is doing well, the dollar may strengthen, the attractiveness of traditional capital markets increases, and crypto assets may be drained. Conversely, if it falls short of the previous value of 48.7, risk aversion sentiment may drive Bitcoin to rebound. Of course, the trends in the crypto space have never been determined by a single factor; news, on-chain data, and whale movements all need to be considered comprehensively.

Here are a few suggestions for everyone to consider:

Volatility is usually most intense before data is released. If your position is heavy, consider appropriately reducing your holdings to leave some room.

The 15 minutes after 11 PM are the most crucial. Friends watching the market, remember to set your stop-loss, don't stubbornly resist a one-sided market.

Don't rush to go all in after the data is released. First, observe the reaction of BTC and ETH; often, when bad news is fully priced in, it can present an opportunity.

In my own experience, macro data influences short-term sentiment more, while the real trend depends on medium to long-term capital flow. The market may experience fluctuations tonight, so managing risk is more important than trying to catch the waves.

What does everyone think about the PMI data this time? Share your judgment in the comments.