The holiday week has come to an end, and the market has not moved out of the doldrums. The concept of Ethereum and others collectively weakened, with Bitcoin remaining boring around 28,000. The non-farm payroll data released on Friday was too explosive, almost unreal. However, the US stock market initially declined but then recovered and surged, indicating a market in need of a rebound. I don't think this non-farm data will change the interest rate issue, so the problem has just been shifted to next week’s CPI. The issue isn't solved; it’s just a short-term violent move. Therefore, US stocks will face more pressure next week. After the data, the probability of a rate hike in November is 21%. The market needs clearer guidance. For the crypto market, there’s currently no good solution; objectively, the market outlook is not in place. Bitcoin remains steady due to the Israel-Palestine conflict, but market concerns still exist, as seen in the altcoins. Ethereum’s structure itself still needs stabilization, so there’s no good path for now—only waiting. Although Bitcoin is fixed around 28,000, it’s not easy to push higher. When Bitcoin rose from 24,900, Ethereum didn’t follow, which is the core issue. So, most likely, 28,500 should be considered the end of this rebound, and afterward, it will continue to oscillate between 25,500 and 28,500. It seems it will take some time; next week’s data will impact the short term, and the end of the month might bring some opportunities. Watch Bitcoin’s 27,200; if it falls below, it’s likely to return near 26,000. The recent dip in Ethereum will present good entry opportunities, and the medium- to long-term outlook for Ethereum should be optimistic. It’s just oscillation, with limited opportunities—let’s see next week’s data.

ETH-2.76%
BTC-2.28%
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