Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Next week, US economic data will be released in a concentrated manner, and each piece of data could influence the short-term trend of the crypto market. Everyone must pay close attention.
On Tuesday, focus on: in the morning, the results of the 10-year US Treasury bond auction will be announced, and bond demand directly reflects the market's attitude towards risk assets; in the evening, December's CPI data will be revealed. The market expects a level of 2.7%. Generally, the lower the figure, the more favorable it is for risk assets, including the cryptocurrencies we follow.
Wednesday is known as "Fear Data Day" — retail sales and PPI for November will be released simultaneously. Retail data is the most closely watched because it directly reflects the actual situation on the consumer side, which is crucial for judging economic trends.
On Thursday morning, the Federal Reserve will release the Beige Book, which usually contains key policy information worth taking time to interpret; in the afternoon, the initial jobless claims data will follow as usual.
The linkage between the crypto market and macroeconomics is becoming increasingly tight, especially during periods of changing interest rate expectations and risk appetite. Based on this week's data, the market's short-term rhythm is likely to experience quite a few fluctuations. It is recommended to understand the expected values and past performance of each data in advance to have a plan for the market. $BTC $ETH