🚨#Crypto Market Hotspots: Non-Farm Payroll Released, ETH Plummets, Is the Crypto Market Entering 'Autumn' Early?🍂
Last night, as soon as the non-farm data was released, the market experienced sharp fluctuations, with ETH/USDT falling below $3500, dropping over 6% in 24 hours, leading to panic selling.
📊 Brief Analysis of Non-Farm Data:
• Data exceeded expectations ➤ Expectations for the Federal Reserve to cut interest rates are suppressed;
• US Treasury yields rebound ➤ Risk assets under pressure;
• US stocks generally stable ➤ However, the crypto market has 'bled' early.
💡 What does this mean for the crypto market?
• 📉 Has the bad news been priced in? Or is a new round of decline beginning?
• 📈 Multiple indicators like KDJ and RSI are extremely oversold, a short-term rebound may be on the horizon;
• 🧠 Smart money has begun to 'suck blood and replenish positions,' on-chain cold wallet inflow data is warming up.
⸻
📌 My Opinion:
Currently, we are at the end of panic selling; in the long term, ETH still has room for growth. In the short term, we need to wait and confirm whether a rebound is valid, control leverage, and dollar-cost average at lows remains the strategic way to go.
How much does this goddess need to verify the capital, $BNB ? Brothers, earn more U!
