Latest Thoughts on Ether
Before and after the release of the non-farm employment data, the U.S. Treasury market pricing changed: before the data, investors basically ruled out the possibility of interest rate cuts and reacted strongly to Powell's 'hawkish' remarks; after the data, the market shifted, with front-end yields plummeting, and investors reignited expectations for interest rate cuts.
The upcoming inflation data for July and August will be crucial for the Federal Reserve's decisions and the direction of the bond market. The probability of a rate cut in September has significantly increased;
Prudent operation suggestions: do not chase shorts at low levels, watch for a rebound first, aggressive traders can short above 3540, while conservative traders can enter shorts around 3590, with a short-term target of 3350, and if broken, look at 3200! $ETH
