Brothers, the market has started playing a game of heartbeat again these past two days. Yesterday, the non-farm payroll and unemployment data were clearly good, yet the market took a dive, washing out quite a few chips. So, are you impressed by this market? 🤷
But there's no need to panic. Ethereum's previous headache—nearly a million staked coins waiting to be unlocked—has eased up now. Currently, new stakes are outpacing those being unlocked, and this bearish sentiment has basically been digested. Moreover, whales and institutions have quietly shifted from Bitcoin to Ethereum, and the reserves of Ethereum have surged to 21 billion dollars, clearly indicating that significant funds are preparing for the upcoming market.
Let's talk about last night's big non-farm payroll, the data exceeded expectations, almost locking in a rate cut on September 17, with a 25 basis point probability. But why didn't the market explode? Because it was already priced in; good news that has been fully priced in doesn't count as good news, bro! Let's stay calm; now the turnover rate of Bitcoin and Ethereum is ridiculously high, indicating that chips are changing hands and settling. The more intense the washout, the stronger the rally; 5000 points is not a dream, just a matter of time.
But don't just rush in! Especially for small retail investors, if you're trading spot, you can withstand the volatility; holding on gives you hope. If you're trading futures based on feelings? That's really a minute away from being taught a lesson. Don't always think of yourself as the 'chosen one'; the market specializes in treating all forms of disobedience. Remember: flipping positions isn't about speed; it's about strategy, position management, and mindset.
📌 Today's key levels: Bitcoin 4h support: 110233｜resistance: 112900
$Auntie 4h support: 4285｜resistance: 4450
🌡 Sentiment indicator: Fear and Greed Index: 47 (neutral to fear) 4-hour long-short ratio: 49.8% : 50.2% (almost fifty-fifty, the market maker is playing psychological warfare again)
🔥 Hot news: The Federal Reserve hinted that August non-farm payroll is basically locked in for a rate cut in September. The SEC and CFTC will hold a roundtable meeting on September 29, likely to engage in regulatory rhetoric. The Ethereum Foundation sold a portion, bringing back 3.38 million DAI, which is somewhat bearish in the short term. Chainlink's strategic reserves increased by 43,000 LINK, which is something.
To summarize: Don't get shaken out by volatility, but also don't rush in mindlessly. Keep the rhythm, control your positions, and have clear goals to walk out of the market with a smile.
