Data nuclear explosion: Non-farm completely crushes rate cut fantasies
Key indicators are all surging:
Non-farm employment skyrocketed to 212,000, expected 110,000, nearly doubling and crushing expectations!
Unemployment rate rises instead to 4.3% from the previous 4.2%, but the rise in unemployment is actually due to an increase in labor force participation rate—an overheating economy signal is fully lit!
Initial unemployment claims revised down to only 237,000, expected 240,000, the job market is exceptionally resilient!
Market expectations instantaneously 'avalanche':
July rate cut probability goes to zero: Interest rate futures show the Federal Reserve's inaction in July is a foregone conclusion, traders collectively surrender!
September rate cut probability plummets: from 98% down to 80%, the number of rate cuts this year may be reduced to 1!
The Federal Reserve's 'eagle claw' has gripped the cryptocurrency market's throat
Liquidity strangulation order initiated
High interest rates continue to drain the market's 'moisture', the dollar index skyrocketed to 105.5, a new high for the year, massive funds are accelerating back to dollar assets. BTC, ETH and other mainstream coins have become 'cash machines', leveraged long positions are being brutally liquidated!
Risk appetite freezing rapidly
Non-farm data confirms that the US economy is 'not landing', the logic for the Federal Reserve to cut interest rates has completely collapsed. Institutional funds are urgently withdrawing from high-risk assets, the 'fear index' in the crypto market has surged, and the liquidity crisis for altcoins is imminent!
Retail investors fighting for survival: How can the cryptocurrency market fight back?
Focus on the two critical lifelines:
Federal Reserve's September interest rate meeting on September 18: If inflation does not experience a cliff-like drop, the 'hawkish hammer' will strike again!
US CPI data on July 11: If core CPI exceeds 4%, the market may see a repeat of the 'great escape' scenario!
Gold trading strategy:
Panic selling and bottom-fishing BTC/ETH: 98,000, 2800 dollars is a strong support zone for institutions, but strictly control position ≤ 10%!
Shorting overvalued MEME coins: PEPE, WIF and other bubble coins may become the first casualties of delayed rate cuts!
Hoarding stablecoins for mining: Annualized 8~12% USDT wealth management becomes a 'safety cushion' in a bear market!
Big D's harsh words: Bull market belief needs to be 'refrigerated'
Non-farm data shatters market illusions—2024 is definitely not a 'rate cut carnival year'! Under the Federal Reserve's eagle claw, the cryptocurrency market needs to switch to 'bear market survival mode'
$ETH
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