Tonight, the US retail sales data will be announced, and this data will have a significant impact on the crypto market. If the data greatly exceeds expectations, risk assets are likely to suffer, with clear bearish signals; conversely, if it falls below expectations, it may trigger a rebound in risk appetite, benefiting the recovery of digital assets.

At the same time, don’t forget there is another variable—Trump’s tariff ruling. If the tariff plan is vetoed, it will temporarily increase market risk sentiment and continue to be bearish; but if the ruling is delayed or adjusted, it may give the bulls a breathing space, leaning towards bullish. The overlap of these two major events may lead to short-term volatility.

Currently, BTC, ETH, and gold are all worth paying attention to. Especially before macro data is released, positions should be cautious, and it’s more prudent to observe the reactions to these two events before making decisions.