Last night, BTC surged to 113300 and then experienced a plummet, dropping to around 110206!

Through the review this morning and the phone conversation with a friend, the following conclusions were drawn:
The non-farm payrolls came in far below expectations, increasing the likelihood of interest rate cuts. The slogan of interest rate cuts has been a focal point for market speculation during this period. Now that expectations for rate cuts are rising, the market will also be pushed up by market sentiment. However, the economic environment is fundamental; looking at the long term, excessively low data is not conducive to market development. Therefore, some people are worried about the future situation, leading to a significant market drop. The expectation of rate cuts is just that—an expectation—but the poor economic environment is a tangible reality. Thus, I will still adhere to my viewpoint and maintain a strategy of positioning for short trades.
I will consider laying out the order for BTC between 111500 and 111800 during the day.
In the Ether range, the large point is between 4350 and 4400, and it is advisable to consider entering the market in batches. #Gate Alpha晒单挑战# #Gate上线Ondo专区现货交易# #非农就业数据来袭#