Key macro events of the week (1–5 December)

The week is intense: the market will react to every release. It is these data that will determine whether cryptocurrencies will be allowed to breathe or will be squeezed again.

Monday, December 1
17:45 — PMI (November)
18:00 — ISM Manufacturing (November)

>50 — the economy is expanding → the dollar is stronger → pressure on BTC.
<50 — cooling → risk assets receive support.

Tuesday, December 2
04:00 — Jerome Powell (speech)
Soft → bullish signal for crypto.
Tough → market pressure.
8:00 — JOLTS ( vacancies, September )
Increase in job vacancies → strong labor market → negative for crypto.
Decline → cooling of the economy → positive.

Wednesday, December 3
16:15 — ADP (November)
17:45 — PMI Services (November)
18:00 — ISM Services (November)
18:30 — Oil Reserves
Weak ADP and PMI → the economy is slowing down → crypto is feeling better.
Strong data → investors flee to the dollar → pressure on altcoins.

Thursday, December 4
16:30 — Initial Jobless Claims
Increase in applications → the labor market is cooling down → positive for BTC.
Decline → labor sector strong → negative.

Friday, December 5
18:00 — Core PCE (m/m)
18:00 — Core PCE ( y/y )
⚠️PCE is the main inflation indicator for the Fed.
Below expectations → 🟢 bullish momentum for BTC.
Above expectations → 🔴 pressure on the market.

Main triggers of the week:

➖ Powell will set the tone for the entire market.

➖ Weak labor market data → support for crypto.

➖ Strong indicators and high inflation → dollar strengthens → BTC and altcoins under pressure.