On January 7th, the global markets will experience a flurry of economic data releases. From Asia-Pacific to Europe and the Americas, a series of major indicators will be announced in succession. What does this mean for traders holding crypto assets like BTC, PEPE, BERA, and others?

Let's first look at the schedule. During the Asian session, China's foreign exchange reserve data will be released first, often hinting at capital flow trends. Next, in the European afternoon, Germany's unemployment rate and the Eurozone CPI preliminary figures will take center stage—if inflation data continues to stay high, the European Central Bank's tightening expectations will intensify, and the pressure on risk assets will increase accordingly.

The real test comes during the US nighttime. ADP employment figures, ISM Services PMI, and JOLTS job openings together will paint a clear picture of the US economy. The stronger the economic data, the more the Federal Reserve's rate cut timetable will be pushed back, and the US dollar will strengthen—this usually puts short-term pressure on cryptocurrencies. Late at night, there's also the EIA crude oil inventory data as a "bonus." If energy prices surge again, markets may fall into "stagflation" fears, and investors' risk-averse sentiment could spill over into the entire risk asset sector, making cryptocurrencies no exception.

The final hurdle is the Federal Reserve Board member's speech in the early morning. Any comments on interest rate policy could be amplified infinitely by the market.

Overall, today's market will be like a roller coaster—volatility is inevitable. Will you choose to buy the dip or reduce your holdings in advance and wait for the dust to settle?