US stocks and Bitcoin trends, waiting for tonight's economic data "judgment"
Currently, the market's attention is focused on the economic data that will be released tonight, while Trump's recent serious stance on tariffs has thrown a huge stone into the lake, creating ripples and exacerbating market concerns about potential inflation risks for US stocks in the future. After all, if tonight's data meets expectations, based on past patterns, some market liquidity is likely to flow back into the US long-term bond market "safe haven" due to inflation hedging considerations.
In pre-market trading, stock index futures have already sensed this tense atmosphere, slightly declining, demonstrating a "respect" for the data through their actions, reflecting the market's cautious and sensitive expectations. Next, the focus will undoubtedly be on the volatility impact brought by the data release, as its influence should not be underestimated. If the data presents a bearish trend for US stocks, the chain reaction could further fuel the ongoing correction process of Bitcoin (BTC), potentially extending its downward trend.
Interestingly, tomorrow is Thanksgiving in the US, and US stocks will be closed for the day as per tradition. This special timing adds variables to market trends; if tonight's data is poor, leading to a continuation of the correction pattern for US stocks, then Bitcoin, which lacks this key "reference point," is likely to continue its oscillating retracement tomorrow, persistently testing the bottom support within the volatility range. At this moment, the market resembles a breath-holding boxer, waiting for the data to "strike," revealing the subsequent direction.