This time, the ADP employment data came in stronger than expected, which is generally bearish for the overall market.

The employment figures are far better than expected, and rate-cut expectations are likely being pushed back again. With high interest rates weighing on risk assets like this “big pie” scenario, there’s a high probability that, in the short term, prices will come under pressure and correct.

But this is only a forward-looking indicator—the impact is mainly on short-term sentiment and won’t directly change the big trend. In terms of trading, don’t chase longs at high levels; wait until the market digests the data, and then follow the pace. $BTC $ETH