21:30, the number of initial jobless claims in the U.S. for the week ending November 16 will be released, with the previous value at 21.7 and the expected value at 22. The current announcement value has not yet come out.
The price of Bitcoin is fluctuating near a critical support level, and the trading activity of Ethereum has also declined.
Investors are like ships navigating in fog, closely watching the changes in macro data.
If the initial jobless claims in the U.S. increase more than expected, it may indicate that the economy is slowing down, leading to a rise in risk aversion among investors. At that point, some funds may flow into the cryptocurrency market, adding new vitality to it and bringing some uncertainties;
However, if this data is lower than expected, indicating a strong job market, funds may flow back to traditional markets, and the cryptocurrency market may face some adjustment pressure.
