ADP Shock, Market in an Uproar!
The U.S. ADP employment number released tonight at 20:15 was only 37,000, far below the expected 110,000, and even lower than last month's 62,000. This level is no longer a "cooling off"; it's practically an "extinguishment."
Once the data was released, the market immediately interpreted it as: greater pressure for the Federal Reserve to cut interest rates.
So what happened? The dollar plummeted, gold surged, and BTC and ETH also rebounded in sync.
Don’t be fooled by the current rally; emotions will drive a wave that will end quickly. Stay calm and don’t chase the highs. The short-term rhythm is still "data stimulus + short covering," but the core logic hasn’t changed.
Don’t be greedy during the rebound; take profits at key levels. If you have profits, secure them.