Many traders are still obsessed with technical wave theories and various indicators, but they overlook a more fundamental issue—the real drivers of crypto market rises and falls are actually the macroeconomic data from the United States.

The five major economic indicators in the US are like five timed bombs; each explosion directly impacts global capital flows. Among them, the unemployment rate and non-farm payrolls are the most intuitive "thermometers," determining whether hot money flows into or out of the market.

Don't misunderstand—cryptocurrency markets are not a safe haven. On the contrary, they are more like an "emotional amplifier" of global liquidity. As long as economic data shows slight improvement, institutional capital begins to withdraw; when data worsens, flood-like liquidity rushes in again.

But the more dangerous indicator is actually the wage growth rate. Think about it—if wage increases exceed expectations, it signals rising inflationary pressure, prompting the Federal Reserve to raise interest rates more aggressively. This not only causes prices to fall but also risks liquidity being drained instantly, increasing the likelihood of chain liquidations.

Practical trading advice is this: before important data releases, reduce your positions to the minimum. This is not over-caution but a reasonable risk mitigation. Pay close attention to the "average hourly earnings" data, which often fluctuates more violently than non-farm payrolls. Once this data exceeds 3.6%, the ghost of inflation reappears, and major cryptocurrencies will face significant pressure.

A more practical strategy is to maintain sufficient stablecoin reserves, at least over 50%. Wait for the first 15 minutes after the data release to let the market fully react, observe the initial surge of bullish and bearish moves, then look for opportunities to enter.

Ultimately, in this market, those who survive are not the boldest gamblers, but those who know "when to retreat." Learning to recognize data cycles and leveraging market panic emotions is the key to long-term survival.