Look quickly! This two-candle K-line breaks down the current market situation.

Just after the non-farm payroll data was released, employment data exceeded expectations, and market expectations for the Federal Reserve to cut interest rates were pushed further back. The US dollar index and US bond yields strengthened accordingly, and the two-candle also came under pressure and retreated, crashing down from the high of 2337, now fluctuating around 2326.

But look, it stabilized immediately after retesting around 2318, with solid support below, no signs of panic selling, indicating that funds still recognize the current price level. The selling pressure at 2337-2340 above is still real, making it difficult to break through in the short term. Most likely, it will continue to fluctuate within the 2320-2335 range.

To put it simply, this is a typical oscillation correction market driven by news disturbances. The impact of non-farm payrolls is more emotional and hasn't changed the current oscillation structure of the two-candle. In terms of trading, don't chase highs or sell lows; just watch for high sell-offs and low buy-ins within the range. If it breaks out, then adjust accordingly. Control your positions well and avoid heavy bets on the direction. #Gate广场五月交易分享 $ETH