Next week will be full of intense data releases, and the market will become interesting. On Tuesday, Non-Farm Payrolls will come to shake things up; on Wednesday, Federal Reserve officials will make statements; on Thursday, the CPI will be released; and on Friday, the Bank of Japan will also join the fun.
Every piece of data could become a turning point for BTC. If the Non-Farm Payrolls exceed expectations, the US dollar will appreciate, and Bitcoin could be suppressed at any moment; conversely, if the CPI decreases, market expectations for cut rates will heat up, and money will flow into risk assets. The Bank of Japan has been maintaining expectations of rate hikes, and it’s uncertain when they might actually implement them.
The most exciting moments are during these times of true PVP battles. During the few minutes after data releases, fake breakouts emerge constantly, and retail investors are easily shaken out. I still stick to my old strategy: prioritizing capital management. Profits must be protected and not given back. In such data-heavy markets, instead of guessing ups and downs blindly, it’s better to keep your positions tight. Even if you guess the wrong direction, losses will be within controllable limits.
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Next week will be full of intense data releases, and the market will become interesting. On Tuesday, Non-Farm Payrolls will come to shake things up; on Wednesday, Federal Reserve officials will make statements; on Thursday, the CPI will be released; and on Friday, the Bank of Japan will also join the fun.
Every piece of data could become a turning point for BTC. If the Non-Farm Payrolls exceed expectations, the US dollar will appreciate, and Bitcoin could be suppressed at any moment; conversely, if the CPI decreases, market expectations for cut rates will heat up, and money will flow into risk assets. The Bank of Japan has been maintaining expectations of rate hikes, and it’s uncertain when they might actually implement them.
The most exciting moments are during these times of true PVP battles. During the few minutes after data releases, fake breakouts emerge constantly, and retail investors are easily shaken out. I still stick to my old strategy: prioritizing capital management. Profits must be protected and not given back. In such data-heavy markets, instead of guessing ups and downs blindly, it’s better to keep your positions tight. Even if you guess the wrong direction, losses will be within controllable limits.