💥💥💥 Tonight at 20:30, the non-farm payroll data will be released. Is it a good opportunity to buy low or should we decisively cut losses?
Recently, the market has continued to oscillate downwards, especially since this week, with the bulls facing significant pressure and frequent occurrences of long positions being liquidated.
Among the many altcoins, the decline of SOL has been particularly severe. On-chain liquidity is cooling, internal team disputes are frequent, and the postponement of the SOL spot ETF to October has gradually transformed it from a "consensus bottom buying target" to a main battlefield for risk release.
This round of decline is not solely influenced by technical factors but is the result of multiple negative resonances:
Trump's tariffs have increased, and market expectations for global liquidity have cooled.
The June PCE inflation data has rebounded, heightening concerns about the Federal Reserve delaying interest rate cuts.
The end of the month and the closing of the monthly line + the Black Friday effect have further amplified the market's risk-averse sentiment.
In this context, tonight's non-farm payroll data becomes particularly crucial:
If the data is optimistic and combined with the current oversold state, the market may welcome a corrective rebound.
If the data continues to release pressure, there may still be further downside space in the short term.
For medium-term investors, this phase might be a reasonable window for positioning. Especially for assets like SOL, which still have narrative potential, although the ETF has been delayed, related expectations have not disappeared; the correction essentially creates opportunities for low-position chips.
My personal suggestion is: gradually position in the spot market, maintain patience, and wait for directional choices after the data validation.
I will also continue to track the data tonight. If trading opportunities arise in the market, I will promptly remind everyone to seek certainty amidst the chaos.
