Tonight at 21:30, the US Initial Jobless Claims data for the week ending February 28 will be released. This data, as a key indicator of the employment market, could directly impact short-term sentiment in the crypto market.

The previous value was 212,000, with market expectations of 215,000. Based on expectations, the employment market may experience a slight slowdown but remains generally stable.

· If the data is below expectations, it indicates the economy remains resilient, which could weaken rate cut expectations, boost the dollar, and put some pressure on the crypto market.
· If the data meets expectations, the market impact will be limited, and the trend is more likely to be driven by technical factors and capital sentiment.
· If the data exceeds expectations, it suggests a cooling employment market, leading the market to anticipate rate cuts earlier, weakening the dollar, and potentially causing a short-term rebound in crypto assets.

Market volatility may increase before and after the data release. It is recommended to manage positions prudently, avoiding chasing highs or selling lows. Pay close attention to Bitcoin’s key support levels; if the data is positive, seize short-term opportunities in mainstream coins. If the data is negative, prioritize risk aversion.

Such data mainly influences short-term sentiment; the long-term trend still depends on the Federal Reserve’s subsequent policies and the evolution of industry fundamentals.