Breaking! The U.S. small non-farm data has unexpectedly revealed a big surprise, with a decrease of 32,000 jobs in November, marking the worst record in over two years!
As soon as this data came out, the market went into a frenzy, and the probability of the Federal Reserve cutting interest rates in December instantly soared to nearly 90%, now it seems almost a foregone conclusion.
If you ask me, this wave of interest rate cut expectations has directly fueled the cryptocurrency market—Bitcoin surged over 4% in a single day, and Ethereum also climbed more than 3%, clearly indicating that capital is being positioned in advance.
But don't forget, the benefits of interest rate cuts are often priced in ahead of time; by the time the news is officially announced, we need to be cautious of the risk of a pullback due to “overextraction” of good news.
In the short term, the key is whether Bitcoin can stabilize above $92,000 and whether Ethereum can break through the $3,200 resistance level.
In this market, don't chase the highs and lows; patiently waiting for a pullback opportunity is more prudent. I will update the specific entry points and changes in market direction in the chat room in real-time; @华尔街老陈 点击这里有我的聊天室二维码扫码加入 brothers who want to catch the rhythm can come chat anytime.
