#非农数据 sounded the alarm! The Federal Reserve's interest rate cut in September has become a foregone conclusion, but is the market really buying it?
Last night's non-farm data was released, and the U.S. labor market is clearly cooling down; economic issues are beginning to surface. The market has almost completely priced in: the Federal Reserve's interest rate cut in September is a done deal. However, it should be noted that this rate cut is more of a "passive response" rather than "proactive prevention."
At this point, I somewhat understand why Trump has been criticizing Powell as "Mr. Too Late." Clearly, interest rates could have been cut earlier to achieve a soft landing—everyone benefits—but instead, they wait until the economy really has problems before taking action. Isn't this a classic case of closing the barn door after the horse has bolted?
After the data was released, Ethereum briefly tried to hit 4500 but quickly failed, with the market experiencing wild fluctuations. After the U.S. stock market opened, it was directly hammered down. Now Ethereum is at the strong resistance level around 4250 on the daily chart; although there has been a slight rebound, last night's market washout caused significant losses for long positions.
So, what should we focus on at this time? It is recommended to pay close attention to those altcoins that have seen smaller declines and quicker rebounds, such as $EIGEN and $ENA . These two projects have seen continuous inflows of funds on-chain, and there are positive developments pushing them; it may be worth considering finding low positions to enter.
Now we are back to the familiar weekend, and without the stimulus of U.S. stock purchases, the market is likely to continue oscillating. However, the space for continued downward movement should not be too large. In terms of intraday operations, I will look for suitable positions to enter for a swing trade; those seeking stability can wait until Sunday noon to observe.
At that time, I will also notify specific strategies within the team; friends who want to keep up with the rhythm should remember to pay attention! #美联储降息预期
