$LTC Yesterday, Bitcoin and Ethereum rebounded after a decline, temporarily hitting the bottom.
Last week, due to the combined effects of rising inflation data, Powell not releasing dovish statements, Trump's copper tariffs causing a sharp drop in copper futures, geopolitical tensions with nuclear submarines approaching Russia, and the US non-farm data being revised down which led to the dismissal of the statistics bureau chief, the market developed a risk-averse/panic sentiment regarding the volatility of the US financial market, resulting in a significant pullback in Bitcoin and Ethereum as well.
Second, the downward revision of non-farm employment also indicates that the job market is not as good as previously expected, raising expectations for a Federal Reserve interest rate cut in September; with this expectation of a rate cut from the Fed, the anticipated decline in the market is expected to be limited.
Third, the trend tonight is expected to be a fluctuating rebound.
