The impact on the cryptocurrency circle mainly depends on the U.S. stock market. For the U.S. stock market, we need to grasp one core.
It is universally recognized that the U.S. data is fake.
They will distort the data according to their own needs to influence the market.
It can be understood as similar to our interpretation of the previous A-shares, adding water if there is too much noodles, and adding noodles if there is too much water.
Anyway, the U.S. data is fake, and no one will notice it if it is secretly corrected later.
Moreover, most of these data are sampled and statistically analyzed, so it is easier to falsify sample statistics. Just choose the data sample he wants.
For example, the reason for the decline of the U.S. stock market a while ago was that the Bank of Japan raised interest rates + high leverage transactions were over-concentrated, and it happened to release non-agricultural employment and employment rate data that were lower than expected, directly entering an economic recession, the market panicked, and the long positions were collectively liquidated and collapsed.
But the PMI data and the number of people applying for unemployment benefits released later were better than expected, so the market speculated that the previous employment data was not good because the weather was hot in July and lazy Americans did not like to go out to work.
But as a trader, it is because the U.S. stock market collapsed, so the timely release of positive economic data dispelled market concerns.
At the same time, I also believe that the Federal Reserve will provide window guidance to the Bank of Japan, allowing them to issue dovish remarks and save the market with their mouths.
So when you encounter a big drop that you have been waiting for for 8 months, you should seize the opportunity to buy at the bottom.
If you understand this, you don’t have to worry too much about the various high-frequency economic data that the United States releases almost every day, and sometimes these data conflict with each other.
They will never add more faces. If changing the data can’t save the market, then they will take action to cover the bottom.
