Tonight at 21:30, the US will release the November CPI data and unemployment claims data. These two economic indicators directly influence the Federal Reserve's monetary policy direction and have a significant catalytic effect on short-term volatility in the crypto market.

Why is this so critical? The logic is straightforward: the Federal Reserve decides whether to continue cutting interest rates based on inflation levels and employment conditions. If CPI data is high and unemployment rate is low, the expectation of rate cuts will cool down, the US dollar may strengthen, and Bitcoin and altcoins could face pressure. Conversely, weaker data might trigger a new round of rate cut expectations, driving funds into high-risk assets.

From the current situation, Fed Chair Powell recently indicated signs of cooling in the labor market, but inflation remains above target levels. This contradictory state leaves markets full of imagination about future policies. Institutional opinions are also divided—some major banks hint that the rate cut cycle is nearing its end, but others believe inflation data could again exceed expectations. Both scenarios are at play.

Practical operational suggestions: First, closely observe the market reaction in the first half-hour after the data release, as this period usually reveals the true attitude of major funds; second, control leverage and positions to avoid being shaken out by sharp fluctuations; third, do not blindly chase gains or sell in panic—data is just a short-term catalyst, and long-term returns still depend on project fundamentals and market cycle positioning.

Regardless of the data outcome, risk management is always the top priority. Opportunities in data-driven trading do exist, but players who are unprepared or over-leveraged often become market casualties. Set stop-losses, control emotional fluctuations, and only then can you survive longer at every market turning point.