US stocks plummet across the board, but BTC holds its ground, Powell stands firm against Trump, has the market bottomed out?
Last night, the non-farm data exceeded expectations, indicating a strong economy, providing data support for not lowering interest rates; Powell's remarks were tough, stating that (the tariffs initiated by US President Trump) could continue to impact US inflation and may push up inflation in the "coming quarters." The Federal Reserve may wait under certain conditions before considering any policy adjustments.
Currently, the situation is turbulent and unpredictable, with both a tariff storm and an inflation crisis, accompanied by a certain degree of recession risk. Under multiple negative pressures, US stocks collectively plummeted last night, with all three major indices dropping over 5%;
Meanwhile, BTC is still firmly holding at 81,500, and ETH is maintaining around 1,760; however, in the short term, there is significant resistance above, with 85,000-87,000 being a strong pressure zone; but once it firmly stands above this resistance, 92,000 will be just around the corner; overall, it is still recommended to build positions on dips primarily in the range of 81,500-83,000 as the first interval, and if there is a false break below, watch for 78,000-80,500
