Today, various important events in the United States will directly influence the movement of BTC/ETH: 01:40 Bowman speech, 02:00 Federal Reserve Beige Book report, 20:30 initial unemployment claims data and Federal Reserve Philadelphia manufacturing index, along with loud voices from several Federal Reserve officials such as Williams and Milar.


If the Beige Book shows a hawkish stance and unemployment claims data exceeds expectations, it will strengthen expectations of delaying interest rate cuts by the Federal Reserve, exerting negative pressure on cryptocurrencies, and BTC/ETH may correct downward; if the data is weak and officials signal dovishness, it will boost market risk sentiment and push BTC/ETH higher.
Currently, BTC/ETH is in a sideways condition at high levels, tonight's data will be a catalyst for direction, pay attention to marginal changes in the data and speeches, beware of sharp volatility after the data release, and tightly control positions.
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BTC1.58%
ETH1.44%
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