#美联储恢复降息进程 This week's data is bombarding intensively; the crypto market has to hold on ⚠️

The movement of the U.S. stock market dictates the trend in the crypto market. This week could be a watershed moment.

Policy shifts, tech earnings reports, employment data, inflation expectations - four lines are tightening simultaneously, and Thursday will be the biggest test day.

The complete schedule is here:

[Monday]
21:30 - Release of the November Manufacturing Index from the New York Federal Reserve

[Tuesday]
21:30 - October Import Price Index MoM
22:15 - October Industrial Production Month-on-Month Rate
23:00 - November NAHB Housing Market Index

[Wednesday]
23:30 - Changes in EIA crude oil inventory for the week ending November 14

[Thursday - The Most Important]

03:00 AM
The Federal Reserve FOMC meeting minutes are released.
What to focus on?
• Officials' subsequent attitude towards the judgment of "inflation peaking" in October
• Will the probability of interest rate cuts be adjusted in December?
• Does the wording reveal more intentions for easing?

05:00 AM
NVIDIA's third-quarter financial report is out.
Why is this financial report so important?
• Benchmark enterprises of the global AI wave
• Recently, the "AI bubble theory" has been rampant, and this financial report will be scrutinized at a microscopic level.
• The outcome will directly determine the valuation logic of tech stocks and risk assets in the coming months.

21:30 in the evening
Three consecutive releases of employment data:
• September unemployment rate (revised)
• September seasonally adjusted non-farm payrolls (major non-farm adjustment)
• Number of initial unemployment claims for the week ending November 15

Simultaneous period: Philadelphia Fed Manufacturing Index released in November

[Friday]
22:45 - November S&P Global Manufacturing PMI Preliminary + Services PMI Preliminary
23:00 - November University of Michigan Consumer Sentiment Index Final + One-Year Inflation Expectations Final

——Core Judgment Logic——

The steering wheel of the whole week is in Zhou Si's hands.
The future performance of the market depends on three things:

1. Is the Federal Reserve's meeting minutes still dovish?
2. Can NVIDIA's earnings report support AI valuations?
3. Will the revised non-farm payroll and unemployment rate continue to worsen?

Any data shock will not have small fluctuations. $BTC must shake three times along with it.