U.S. non-farm payrolls for March unexpectedly exceeded expectations, with 178k new jobs added, reaching a new high in over a year. The unemployment rate declined, and the Federal Reserve's rate cut bets cooled down, causing the US dollar index to spike in the short term, directly triggering volatility in the crypto market.

Affected by expectations of tightening liquidity, BTC came under short-term pressure, oscillating around the 66,000-68,000 level. The bulls and bears are engaged in a tug-of-war, with the 66,500 support level facing testing.

ETH moved in sync with the market, oscillating between 2,000 and 2,080, showing weaker momentum than BTC. The data highlights the resilience of the U.S. economy and reinforces the Fed's commitment to fighting inflation, leading to a temporary outflow of funds from high-risk crypto assets.

Slowing wage growth eased some inflation concerns, preventing a sharp crash in the crypto market. In the short term, BTC and ETH are expected to remain volatile and consolidating, with focus on subsequent Fed statements and key support levels. #BTC #ETH