The expectations for tonight's economic data, combined with Trump's recent 'serious' attitude towards tariffs, have intensified concerns about potential inflation in the U.S. stock market in the future. If tonight's data meets expectations, some market liquidity may seek inflation hedges and flow back into the U.S. long-term bond market.
Currently, in pre-market trading of U.S. stocks, stock index futures are slightly down, showing a 'respectful' attitude towards tonight's data sensitivity. Attention should be paid to the volatility brought by the data tonight; if it is unfavorable for U.S. stocks, it may further stimulate the current retracement trend of BTC.
Tomorrow is Thanksgiving in the U.S., which is November 28th, and the U.S. stock market will be closed. If tonight's data is not good, and the retracement trend continues, coupled with the loss of market reference for U.S. stocks tomorrow, BTC may continue to maintain a fluctuating downward trend.
Waiting for data
