Tonight's unemployment rate is 4.3, in line with expectations, with non-farm employment at 22,000, expected at 75, and the previous value at 79. After the news came out, CME showed a 99% chance of an interest rate cut in September.

$BTC briefly responded with a rise, breaking through 113, and SOL also followed closely to around 210. Be cautious. The data just came out, and the market interprets it as a favorable sign for an interest rate cut, as reflected in the CME data. However, there is still the issue of the unemployment rate at 4.3, which has returned to above 4.3 since last August. If the market speculates on recession expectations, then it could rise and then fall just as quickly.

Therefore, how the market interprets this is very important, especially since today is Friday. Starting tomorrow, liquidity might be low, so let's see how the U.S. stock market performs tonight.

Returning to the data of $SOL, the turnover rate on Thursday was not high either, with more than 8 million tokens exchanged as of 8 AM today, as shown in the red text in the chart.

The main reason is still that early low-position tokens below 197 have taken profits and exited, with more than 1.8 million tokens below 100 also taking profits and exiting; then, there are some higher-position tokens above 210 exiting to cut losses, but currently, it's not a lot.

There is some selling pressure at 209. Haha, temporarily all have exchanged in the 200-210 range, with the current most accumulation still at 197.

Then, other longer-term tokens in different ranges have also exited, but not in large numbers.

From the accumulation of tokens and the short-term turnover of tokens, it still forms support between 165-176. Then 176-195 seems to have new support, which is quite short-term. The main thing is to see how the market sentiment interprets this next, balancing the favorable interest rate cut with recession expectations, which is very important.

This impacts Bitcoin, which in turn stimulates the rise and fall of SOL. Whether there is support or not depends on the direction of market sentiment.