Next week (January 5-9), a flurry of US economic data releases will significantly impact the direction of the crypto market. Let’s take a look at which data points are worth paying attention to.

Starting with the first two days. Monday features the ISM Manufacturing Index and auto sales data, followed by services PMI and Federal Reserve officials' speeches on Tuesday. The impact of these two days' data is not substantial; mainly, they cause short-term market sentiment fluctuations. Unless the data deviates significantly from expectations, their influence on the crypto trend will be limited.

Wednesday is busier. ADP employment data, ISM Services Index, and JOLTS job openings are all released on this day, marking a key moment to observe the health of the US labor market. If these data unexpectedly decline, it will reinforce market expectations for rate cuts, increasing the attractiveness of risk assets (including cryptocurrencies). On the same day, factory orders data will also be released as supplementary information.

Thursday’s initial jobless claims, trade balance, and productivity data are also important but not yet at the level of "must watch."

Friday is the real storm center—December Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings, and Consumer Confidence Index all come out. This report directly influences the Federal Reserve’s next policy decision and can shake the entire risk asset pricing logic. The crypto market is particularly sensitive to such macroeconomic expectations, and any surprise data will quickly reflect in coin prices.

In simple terms: the first two days don’t require too much concern; Wednesday and Friday are the critical points to watch.