Ethereum has not hit the bottom yet, and the decline will still come.
After the non-farm payroll data was released, there wasn't much change in the market. Although the data came in better than expected, this reduced the likelihood of interest rate cuts.
The market can fall or rise with just one excuse; you can say it's going to rise, as the data indeed exceeded expectations, indicating that the employment situation in the U.S. at least hasn't worsened.
For now, we will wait quietly for the U.S. stock market. Bitcoin is expected to return to around 105,500, and then a new round of decline will begin, with the first support level around 93k.
Since the data release was roughly in line with expectations and the market hasn't seen any significant volatility, the market's attention is mainly focused on the feud between Trump and Musk. It is said that they will have a phone call tonight; whether it will lead to another TACO flip remains to be seen.
The small circle of Shen Dan continues to lay out, seizing the opportunity.
