Everyone, a heavy barrage of US economic data is coming, and you must keep a close eye on the market tonight!

At 21:30 Beijing time, a series of major data releases will occur: Non-Farm Payrolls, Retail Sales, and Wage Growth. These three indicators directly impact the dollar's movement, and the strength or weakness of the dollar has a tangible effect on BTC行情——the stronger the dollar, the easier it is for Bitcoin to be pressured.

Currently, BTC is hovering around 86,000, and market sentiment is just waiting for the results of these data points. My judgment is that Non-Farm Payrolls may exceed expectations; if the data shows strong performance, the Fed's rate cut expectations will be suppressed, and risk assets may face a pullback.

Next, at 22:45, Manufacturing and Services PMI preliminary figures will be released. The interesting part here is: if the data is good, risk assets might rebound in the short term, but the dollar will also strengthen, putting the crypto market in a dilemma. However, from another perspective, if the PMI remains steady, altcoins might find a rebound opportunity.

At 23:00, there will also be business inventory data, which has a relatively smaller impact, but on such a data-heavy day, every data point is worth paying attention to.

To be honest, tonight is a showdown between technical analysis and sentiment. The impact of data often outweighs candlestick patterns and support levels. To navigate this period safely, the key is not to fight against the market—if you can't see the direction clearly, control your position size, avoid getting caught in the volatility, and wait for the dust to settle. Either seize the opportunity when the data ignites the market, or honestly stay flat and wait for the outcome—there's no middle ground.