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#内容挖矿 $BTC Last night, the U.S. ADP 'small non-farm' data unexpectedly fell short of expectations, with private sector employment dropping by 32,000, marking the largest decline since March 2023. The weakness in the U.S. job market was more pronounced than anticipated. This data directly reinforced market expectations for a rate cut by the Federal Reserve on the 12th, with the current probability of a rate cut climbing to around 90%, providing short-term support for the cryptocurrency market.
Driven by positive news, Bitcoin and Ethereum experienced a slight adjustment last night, but rebounded again early this morning. Bitcoin briefly touched the $94,000 mark this morning before a slight pullback, while Ethereum steadily climbed to around $3,200. Both major cryptocurrencies showed a synchronized fluctuation and rebound trend. However, the positive macro conditions failed to drive a significant market rally, primarily because the current price has reached critical technical resistance levels, and there is a lack of momentum for sustained upward movement in the short term.