Last night was such a mess, can it still be ultra-low?💥💥
The non-farm data released last night indicates that the labor market in the United States is not doing well, and economic issues are starting to surface.
The market now fully expects the Federal Reserve to cut interest rates in September, but this cut is forced, indicating that the economic problems in the United States are on the brink of being unsustainable. In this context, Trump's criticism of Powell as 'Mr. Too Late' seems quite justified; if the rates were cut earlier, we could have achieved a soft landing, but now waiting until the economy is on the verge of collapse to make cuts is like closing the barn door after the horse has bolted??
Once the data was released last night, Ethereum failed to hit a high point, and it instantly dropped back to the starting point after a failed attempt. Additionally, with the U.S. stock market opening violently, it crazily sucked in capital, causing losses for many. Sister Chen said honestly that chasing highs is just finding s, and is there still an ultra-low that hasn't been fought for? Are there friends standing guard at the mountain top??
Today is the weekend, and without buying pressure from the U.S. stock market, the market is likely to fluctuate, but the extent of the downward movement won't be too large.
During the day, we can find suitable positions for short-term trades. Those looking for stability should wait until Sunday noon, at which point I will notify the team to enter the market. Come on!🔥🔥
