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It's another US data day. Tonight at 21:30 Beijing time, the US will release the latest weekly initial jobless claims data, which is the most sensitive indicator ahead of Friday's non-farm payroll report.
How to interpret the numbers? If it exceeds 210,000, it indicates an increase in unemployment, signaling a cooling economy. The market will bet that the Federal Reserve will accelerate its rate cut pace, which is usually positive for risk assets like BTC and ETH. Conversely, if it is below 199,000, the labor market is still fighting inflation, and the rate cut expectations will be pushed further back, likely putting some pressure on the crypto market.
High-beta assets like SOL will experience more obvious volatility. Do you think this data will unexpectedly weaken, or will it continue to surprise with strength?