🔥 Tonight is destined to be a thrilling night in the crypto world, is it a rebound or a reversal??
Just early this morning, NVIDIA gave global investors a confidence boost with an explosive earnings report: Q3 revenue of $57.01 billion, a staggering 62% increase year-over-year, far exceeding expectations! Even more aggressively, it directly projected Q4 revenue at $65 billion, leading to a post-market surge in stock prices of over 5%.
This news not only sent the NASDAQ soaring, but also boosted the entire tech sector by more than 2%. However, what the crypto enthusiasts are most concerned about is: Can this wave of tech stock euphoria lead BTC and ETH out of their predicament?
🚨 Current market signals are mixed
Gold holds steady at $4,100
Just before NVIDIA's earnings report, gold briefly soared to $4,114/ounce, indicating that market risk aversion remains strong. Although risk appetite rebounded post-report, the fact that gold can stay above $4,100 shows that large funds have not fully "ALL IN" on risk assets. Gold is a mirror of emotions; its stability indicates that the market is still hesitant.
The crypto market has just undergone a bloody cleansing
In the past 24 hours, nearly $660 million in liquidations occurred across the network, with the largest single liquidation of ETH on Hyperliquid reaching $24.22 million. BTC briefly dropped below $89,000 and is now barely pulling back to around $92,000; the macro fog has not yet lifted.
The Federal Reserve is in turmoil over whether to cut rates in December, and the October non-farm payroll data is still struggling due to the government shutdown. A market without macro guidance is like a dark road without navigation—completely relying on feeling to navigate.
Risk: If all funds rush to chase NVIDIA and tech stocks, the crypto market may instead be "bled dry." Don’t forget, the correlation between BTC and the NASDAQ has been decreasing recently.
🧭 At 9:30 PM tonight, the U.S. non-farm payroll data for September will be released; this data will directly determine the Federal Reserve's rate cut magnitude in December. Regardless of whether the market is good or bad, a major volatility wave is expected; can you seize this opportunity to profit significantly?
Tonight is destined for huge fluctuations, but remember:
A bull market is born in pessimism, grows in skepticism, and ends in euphoria.
