The number of people filing for unemployment benefits in the U.S. last week was 227,000, lower than market expectations.

This news is usually seen as positive, many friends do not know how to interpret this data, Thirteen simply explains it to everyone so that we can have our own opinions when we see the data in the future.

The initial claims for unemployment benefits are usually seen as an important indicator of the health of the labor market. Being lower than expected means companies are not laying off employees, and businesses are still hiring.

Businesses are optimistic about the future economy; otherwise, they wouldn't increase investment and hire employees.

From a macro perspective, concerns about a future economic recession have eased.

So we see that after the data came out, it did have some uplifting effect on the market. If the data is higher than expected, Bitcoin should oscillate in the 66,000 range.

But there's also a not-so-great piece of news: the Federal Reserve may not take aggressive rate cut measures. If this data is placed in a rate hike cycle, it will definitely continue to raise rates to control inflation.

And now we are in a rate cut cycle, with the probability of a rate cut in November remaining above 88%. The emergence of this data may greatly reduce the possibility of a 50 basis point cut.

At the same time, another point will also be affected: gold prices may see some pullback. After all, gold is a safe-haven asset, and if there is confidence in the future economy, investors will tend to invest in stocks and cryptocurrencies, which are high-yield assets.

Therefore, overall, it is beneficial for cryptocurrency.

2,

But in the current environment of the crypto circle, the impact is actually not that large; the key still depends on whether the statistical data is real.

The recent election is indeed an important factor affecting the market.

After all, the data may be fake; we can't audit it anyway.

These days, the election is in full swing, with various plots coming in thick and fast, quite lively.

Previously, Musk supported Trump, giving away $1 million daily, and now Cuban supports Harris while criticizing Trump.

It seems that the election has turned into a competition between the Harris team and the Musk team, deliberately annoying Trump.

It was stated that Musk giving away $1 million daily is just a joke, which seems a bit lacking in confidence, after all, one is the world's richest person worth over $200 billion, while Cuban, although also a top billionaire, is only worth $6.6 billion.

I actually hope Cuban can also stand up and say, 'I give out $2 million daily, that's a man of guts.'

Forgive Thirteen for being biased, as someone in the crypto community, Thirteen particularly hopes Trump can be elected, after all, he is the first president to publicly stand for cryptocurrency.

At the same time, as Musk is the spokesperson for the crypto community, everyone in the crypto circle hopes that our path can go a bit smoother.

The actions of the SEC over the years have indeed brought us tremendous 'disasters'; this is the expression of the authorities' opinions.

Trump's election means everything will change.

If Trump is elected, we will enter a bull market ahead of time. If Harris is elected, a slow bull market is expected, but after a pullback, it will slowly rise, which is very tedious.

3,

The performance of Sol in the past two days has become the focus of everyone's attention.

The on-chain transaction fees have flattened out since the high point in May, remaining very active with prices also being quite strong.

This coin has always been emphasized by Thirteen for everyone to focus on. In the price range of 120~140, many have picked up a lot of chips.

These cheap chips must be held onto; there will be surprises later.

In the future, there is a high probability it will challenge the previous high point of 200. Whether it can reach that depends on the election results.

However, the market has also seen some enthusiasts for Sol, while looking down on ETH.

Looking at the price performance in 2024, ETH is indeed a bit disappointing, but Thirteen still firmly believes that my holdings will definitely pay off in the future.

On the contrary, how long will Sol's strong performance last? If it continues to rely entirely on meme coins to harvest investors, although the crypto community's investors are endless, they will eventually awaken. If Sol does not innovate and bring value to the crypto community, relying solely on speculation will be hard to last.

However, as an investor, in the short term, Sol is still very strong. We can only choose to enjoy today; who cares if there are times of parting? We just need to make money.

Thirteen will tell everyone the specific levels.

Sol's strong performance tests everyone's profit-taking ability. Thirteen will provide detailed profit-taking methods in the circle, allowing for the pursuit of high returns while also safeguarding most profits.

4,

In the short term, the market will still oscillate in the 66,000~68,500 range.

From the market's perspective yesterday, the bulls were not decisive in their intervention, but today they suddenly gained strength. Coupled with the positive data, it now seems quite stable above 67,500.

There’s only a fluctuation of a little over 2000 points up and down, making operations in this range not very meaningful.

Thirteen has been working hard these days to summarize personal trading experiences, experimenting through Ant Warehouse, seeking investment experiences. After the trends are completely determined, Thirteen will also give some suggestions; that's for another time.

I know many people still prefer contracts.

But for now, it's still safer; the market is getting closer to choosing a direction.

Actually, in the article, thirteen has provided the oscillation range for reference, but it should be mainly focused on spot trading.

In this circle, gamblers do not have a good ending.