🔔🔔 The two U.S. economic data released tonight (August 31) at 20:30 have caused market turbulence: The number of initial unemployment claims for the week ending July 26 and the year-on-year core PCE price index for June both showed Unfavourable Information, directly leading to a collective decline in the market. Ethereum dipped from the 3877 level to around 3762, and other alts generally fell by 5%-10%.



Tomorrow at 8 AM will mark the end of the monthly line, and more importantly, the U.S. July unemployment rate and seasonally adjusted non-farm payroll data will be released on August 1st at 20:30 - the importance of these two data points can be rated as five stars. Currently, Bitcoin and Ethereum have been oscillating at high levels for nearly 18 days. Considering the data release timing and the characteristic decrease in liquidity over the weekend, I personally judge that regardless of whether the data results are favourable or unfavourable, the market is likely to experience severe fluctuations with sharp spikes up and down.

Therefore, the conservative suggestion is: do not rush to build a position, wait for the market to stabilize after the consolidation in the next two days before choosing the right time to enter. The above operational suggestions are for reference only. Everyone is welcome to share different viewpoints in the comments section, to communicate and discuss together, and to improve collectively!🌹🌹
#BTCÐ Launchpool收益超3%# #白宫加密报告发布#
SOL-4.09%
BTC-1.2%
ETH-4.82%
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