To be honest, looking at next week's schedule makes my scalp tingle. China's PMI data, the US employment report, statements from the Fed pros, and the direction of the Central Bank of Japan... this pile of macro events is happening all at once, and each one can influence the direction of the crypto market.

First, let's sort out the timeline: On Monday, China's manufacturing PMI will make its debut, followed by the U.S. ADP employment data (commonly known as "little non-farm") on Tuesday. On Wednesday, Fed Chairman Powell may hint at the direction of the December interest rate decision, and on Friday, the core PCE price index will take center stage. During this time, the governors of the Bank of Japan and the European Central Bank will also be speaking, and there will be a tech industry conference adding to the buzz. In other words, the flow of global funds this week will mainly depend on how these variables play out.

Many people may feel that trading coins has nothing to do with those traditional financial indicators. But the reality is that Bitcoin and Ethereum are no longer the "independent kingdoms" they were ten years ago. Recently, Bitcoin's candlestick charts have been almost in lockstep with the Nasdaq. Once the U.S. economic data comes in stronger than expected, the Fed's hawkish interest rate hike expectations rise, the dollar strengthens, and risk assets will be sold off—Bitcoin often bears the brunt. Conversely, if the data is weak, it may provide some breathing room for the crypto market.

The more tricky part is the "expected difference". If the market is originally betting on interest rate hikes and Powell suddenly releases dovish signals, the coin price could soar instantly; if it goes the other way, a cascading drop is also possible. What retail investors fear the most is information lag; by the time they react, their positions may have already been liquidated.

So what should we do next week? My personal suggestion is very simple:

First, don't make any moves before the data is released. Before major events occur, large capital is on the sidelines, and at this time, heavily betting on direction is just asking for trouble.

Second, use the economic calendar as a tool. The release times of these data are announced in advance, so set a reminder to at least know when the market may experience significant fluctuations.

Third, risk always comes first. If you don't understand the situation, it's fine to hold a small position or even stay out entirely. Earning a little less is always better than losing your principal. There are plenty of opportunities in the crypto market, and there's no need to be at the table every time.

The volatility is expected to soar to an exaggerated level next week. Contract players are prone to being liquidated by bidirectional pin bars, and the mindset of spot holders can easily collapse. The more chaotic the market, the more it requires calm judgment; don't let emotions dictate your actions.