Market changes during the American Thanksgiving holiday: What should we pay attention to in order to avoid pitfalls?

The market time adjustments brought about by the Thanksgiving holiday in the United States essentially mean that "the global financial community follows the U.S. holiday schedule, and the trading rhythm has temporarily changed." For us, the focus is on avoiding pitfalls and not missing the right opportunities!

First, the economic data in the past few days has all "crowded out in advance" — for example, the initial unemployment claims data that reflects the employment situation in the United States will be announced tonight. This data is crucial: if the data indicates that U.S. employment is weak, people will think that the Federal Reserve might cut interest rates, which could cause prices of assets like stocks and cryptocurrencies to rise; if the data is good, people will worry about interest rate hikes, and prices might drop. However, since U.S. stocks will soon close early, the number of buyers and sellers will decrease, and once this data is released, the price fluctuations of assets like SOL and Bitcoin might be more "jumpy" than usual, potentially resulting in larger price swings than normal.

Then there is the impact of "the market closing early + holiday": Tomorrow, the US stock market and US Treasury bonds will not open, and even the trading of futures for gold, silver, and oil will also end early. It's like "the vegetable market closing early"; there will be fewer people wanting to buy or sell. If you want to make large asset transactions, you may encounter situations where the quoted price and the actual transaction price differ greatly, or there may be no one to take your order for half a day. For cryptocurrencies that trade 24 hours a day, although the market doesn't close, the money from the US stock market will temporarily withdraw, leading to a decrease in activity. Prices may rise a bit and then fall a bit; in my personal opinion, this is the best time for short-term trading.

Don't panic when trading, just pay attention to these two points: If you're doing short-term trading, don't hold onto long positions for too long these days; take profits and exit without hesitation. If you're holding assets for the long term, there's no need to focus on short-term fluctuations; if the price becomes very volatile, you can take the opportunity to adjust your positions.

In the end, this is just a "temporary rhythm adjustment" before the holiday, and it doesn't mean the market is about to change - the key is not to miss the data release time, and just be a bit more careful when placing orders.
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