Americas time tonight at 21:30, three heavyweight economic data releases will be densely published—initial jobless claims, ISM Manufacturing PMI and Non-Manufacturing PMI, and Import Price Index. This wave of data shocks has a huge impact on Bitcoin and Ethereum trends, and the market is about to face a test.

Let's break down the logic behind it: if initial jobless claims exceed expectations, it indicates pressure on the employment market, and the Federal Reserve may accelerate the pace of interest rate cuts, which is directly positive for risk assets. Conversely, if manufacturing data is strong, the dollar will strengthen accordingly, and crypto prices will be suppressed in the short term. Regarding import prices, weakening data suggests inflation is easing, and market risk appetite will also increase accordingly.

How to operate from a practical perspective? Keep a light position before the data release, and definitely avoid heavy bets on one side. After the data is released, if expectations of rate cuts rise, you can gradually buy on dips and increase long positions. But if economic data comes in too strong, immediately cut losses decisively or switch to a light short position—stop-loss must be set in advance, better to earn less than to let a single fluctuation wipe out previous gains.